Instituitional rebound - narrow BB - Do you still want to trade?
5 min Emini Nasdaq 100
Hi,
Apparently the consumer confidence data were better than expected and price surged during the opening bell.
There were no signs from short-term MACD or stochastics from the opening, price just surged... there after, it was enclosed in a narrow
bollinger bands with short-bodied candlesticks...
The only traders who benefited from this surge are the insitutional investors who caused this surge in the first place...