rebound from moving averages, stochastics up, MACD up -> $440
5 min Emini Nasdaq 100
Hi,
Is the market reflective of the election? Seems like it is going up as we approach the results of the election...
Price gapped up only to cover up the gap immediately... then it rebounded back up with the moving averages trendig up and expanding.. this is good sign that we should go long...
I was waiting for a clearer signal.. It only came at around 15:00 when price dropped back to the moving averages and I longed 1 contract 1357 and only exited at 1379 which is the resistance line established by the morning session... profits of $440.