Market traded higher until the FOMC Minutes at wich point it spiked higher, returned all the upward movement and went higher at the end of session closing 0.47 positive. “Roller Coaster” . Market Participants showed lots of indecision but the bulls won the battle and manage to break the 3000 level. Our strategy had mixed success today but still prefer short on spikes. On the energy front, oil inventories came lower thus pushing the WTI higher. We continue to believe oil is in overbought territory, thus prefer short positions.
Today´s Profit USD 140 (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
- Trading the Federal Open Market Committee (FOMC) Minutes (dailyfx.com)