Market reaches new high, pull down to moving averages -> Long -> $180 profits
5 min Emini Nasdaq 100
Hi,
How is it going lately? Market is reaching new highs are we seeing a full blown recovery? The market seems to be full of optimism...
But beware, daily charts candlesticks are getting shorter and shorter and we are seeing momentum falling...
Today's trade makes use of the short term rising trend, when price pulled back to the moving averages, I longed 1 contract at 1554 and exited at the high established near the opening bell at 1563 with profits of $180.