Market still uncertain again --> Short -> $1040 profits
5 min Emini Nasdaq 100
Hi,
Market plungged down immediately during the opening bell. We can tell that market is still digesting the bailout plan by the government. Uncertainty rules the market, it is pretty obvious that the uptrend from yesterday will not continue today..
I shorted 1 contract at 1450 as stochastics and short-term MACD cut down the signal line.. I only exited when price found support at my moving averages and stochastics started to turn up to cut the oversold line for a second time.. Notice how short-term MACD cut the signal line after I exited. profits of $1040 .