No Trade today - Market plunged and remained in range
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market is not really trending lately and it is increasingly difficult to find trades with good risk/reward entry points.
I did not trade today.. The chart says it all. If you were able to catch the first few minutes of red candlesticks, congratulations. I was not able to do that because the moving averages were flat and although stochastics cut down the signal line, the cut from the short-term MACD was not as obvious.
The mid-term MACD did offer a good signal, however I decided not to enter as current market conditions have been whipsawing up and down especially when moving average are flat...