The market traded higher in pre-opening trading, reaching the 2982 level, then started to drip down to the 2953 level and closed at 2963. The lack of economic news provided little guidance thus trading was purely on technical levels. Market participants are cautiously awaiting the start of earnings season for clues and guidance. Our strategy of taking short positions on spikes has worked very well and at current levels it is our prefered course of action.
Today´s Profit USD 100 (Portfolio Size: USD 25,000)
Visit Past Trades to review our history.
In August we will start placing our trades real-time on Twitter @NDXTrading