Wednesday, October 2, 2013

E-Mini Nasdaq Day trading strategy;

E-Mini Nasdaq Anchor Chart
The E-Mini Nasdaq is also trading in a sideways market personality this morning right between the resistance of 3236.25 and the support and 3214.75.  We see the short-term trend is sideways, with a long-term trend that is bullish.

We are trading in a range-bound market this morning, so we will buy-the-lows at support and sell-the-high at resistance and use yesterday’s trading-range as our guide.  Buy the 3213.0 PLOD and take profit at the PHOD or sell the PHOD at 3251.25 and take profit at the PLOD.

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