Market reaching new highs. Can we rocket all the way up?
5 min Emini Nasdaq 100
Hi,
How is it going lately? Remember the old say " the higher you fly the harder you fall" ? Well, we are in that situation in the markets right now, we have an exuberance where price keeps going up.. There is bound to be a sharp correction sonner or later.. However, we should play along with the market and only go long for now..
I managed to find a long singal when price dropped down towards the moving averages and bounced back.. this was accompanied by stochastics cutting up the oversold line and short-term MACD cutting up.. I longed 1 contract at 1942 and exited at 1950 with profits of $160.