Yesterday up, today down? What is the market thinking about? $1200 profits
5 min Emini Nasdaq 100
Price gapped down at the opening bell and staged a U-shaped return to close the gap.. I was waiting for this.. Where it closed the gap, It did not have enough energy to go any further and Stochastis, short-term MACD cut their signal line simultaneously.
I shorted 1 contract at 1215 and held my position all the way till the end.. I did not double my position as there was still uncertainty... moving averages were flat and not sloping down... I decided not to get too aggressive and maintained only 1 short position...
I held my position till the closing and closed out at 1155 with profits of $1200.