Tuesday, April 4, 2017

Nasdaq (update)

Prices traded below yesterday's doji triggering a short trade.  But, it found support at the monthly pivot and closed back near its opening price.  We now have 3 consecutive doji's, which could be signalling a tired market.  It's worth taking a small bearish position with stops above 5533.50.  That's where my MM Fade pattern fails.


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