Market gapped down, ranging price action -> NO TRADE TODAY
5 min Emini Nasdaq 100
Hi,
How is it going lately? We are at turning point again... with the market reaching new highs and sentiments are in a dilemma, market players not knowing when this uptrend is going to end...
Well, what I can say is that market gapped down today.. This was followed by ranging price action... look at the short-bodied candlesticks.. they look ugly to me.. stochastics and short-term MACD zig zagging up and down...
Most importantly, price did not close the gap.. This is a bad sign.