« No trade today! Why? Read on.... We are at crossroads | Main | Gapped down, candlesticks in narrow range, short bodies, No trade today »

Price gapped up, found support at moving averages..

5 min Emini Nasdaq 100

Hi,

Price gapped up today, but there was strong resistance at 1650 and price turn back down...

There was strong support at the moving averages... Price did break the moving averages towards the closing bell, but bounced back almost immediately..

No trade today.

Posted by Michael Taylor on August 25, 2009 5:50 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradeemini.com/cgi-bin/blog/mt-tb.cgi/557

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)