Price trended downwards immediately from the open, no signal -> no Trade!
5 min Emini Nasdaq 100
Hi,
How is it going lately? Are we seeing the market stalling finally? What I can say is that on a daily basis the range is getting smaller and smaller. This tells us that market participants are getting cautious.
Price was on a downtrend from the opening bell... But look at it carefully, do you think you can trade this? There are no relevant signals from either stochastics or short-term MACD.Candlesticks thereafter have shortbodies.
Do you really feel comfortable trading such markets? I don't think the risk/reward justify entering the market. NO TRADE TODAY.