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Divergence on Nasdaq Offers Profits

Regardless of whether you trade binary options, touch brackets or futures, divergence during these volatile periods offer profits. Early this morning, with the higher timeframes indicating the Nasdaq was oversold, the 60-minute timeframe indicated a strong bullish divergence. The bullish divergence indicates that more likely than not the market would retrace today. Prior to the…

25 Points on Nasdaq Futures Long Trade

This morning in the live coaching sessions, the Trade Analysis worksheets indicated an upward move on the Nasdaq futures, S&P 500 and Dow Jones (all eminis). The daily was close to being oversold and the 240 had previously been oversold. The key would be for price to retest the low and then form a bullish…