Stress test over - Banks stabilized?? Gapped down, stochastics up --> $700 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? With the stress test over, have banks really stabilized? We don't know yet,
market gapped down but immediately closed the gap with stochastics and short-term MACD cutting up the signal line.
It is better to be cautious here are we can see that the moving averages are still flat.. I longed 1 contract at 1378
and another 2 more contracts at 1389 when price closed the gap but did not rebound back down.. I stayed in my position
all the way until stochastics showed sign of cutting the signal line at 1397 with profits of $700.