Coming into a time of global slowing growth and possible soon also an U.S. earnings recession with the stock market already in a down trend it seems a good time to make some money on the down side. Here we see the Nasdaq 100 futures bouncing and hitting resistance at 7300. At the same time it hits the down trend line or peaking just over it.
We track the performance of every trade. This is the third idea published on tradingview. We seek to have a risk/reward ratio of at least 2.
So far one trade won, and together with this one two open trades. This is no investment advise.
We track the performance of every trade. This is the third idea published on tradingview. We seek to have a risk/reward ratio of at least 2.
So far one trade won, and together with this one two open trades. This is no investment advise.
Trade closed: stop reached:
What a move all on the expectation of a rate cut after a terrible jobs report. Global economic data is further deteriorating but the FED will save the stock market right?!
So far one trade won, two lost and one open trade.
So far one trade won, two lost and one open trade.