Almost a trade??
5 min Emini Nasdaq 100
Hi,
Is there a trade today or not? On hindsight, it seems that we have a trade from the signals in stochastics and short-term MACD. Furthermore, it seems that we could have somehow tagged onto this V-shaped trend reversal..
However, the cold hard truth is that moving averages are almost flat and when stochastics or short-term MACD cut their signal lines, price did not find support from the moving averages.. Instead it was below the moving averages and there was some resistance to price reaching out above the moving averages..
This itself is a major signal that stopped me from going long..