Short Side is Winning Intra-day V-Reversal E-mini Nasdaq Summary
- Capstone Trading
- Jun 20
- 1 min read
Sometimes the intra-day signals can be trend indicators in a range bound market. If the shorts are more profitable than the longs in a range bound market then the breakout could be lower. If the longs are more profitable than the shorts in a range bound market, then the breakout could be higher.
The market is range bound but the subtle intra-day trend has been favorable for short signals this week with strategies such as V-Reversal E-mini Nasdaq.
There were only 3 trades this week in V-Reversal NQ with one long loser and two short winners.
Last Friday there was a long loser and a short winner.
On this holiday shortened FOMC Week. The price for the Nasdaq in the last hour of trade is about the same as it was last Friday. Anything can happen in the last hour of this Quadruple Witching Friday.
As we roll into the last full week of trade with only 6 trading days left in the month and in the second quarter, we anticipate some more definitive moves. In recent months, the trading systems portfolios we are trading have had some of their best performance the last week of the month.
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