No trade today! Why? Read on.... We are at crossroads
5 min Emini Nasdaq 100
Hi,
How is it going lately? Price gapped up at the opening bell only to cover it almost immediately...There after price made it's way to the moving averages... there is strong support at the moving averages as price bounced up and down...
We see that there is a double bottom pattern formed just above my cyan moving average... But remember double bottoms are only effective at market bottoms... this double bottom is invalid....
No trade today.