The trend stayed down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 7:00am EST- U.K. CBI Distributive Trades
- 9:00am EST– US S&P/CaseShiller Composite-20
- 10:00am EST– US Consumer Confidence
7:45am EST– There was a moving average crossover for a short trade. Stochastics were trending down, but RSI was above 50 and MACD was already negative. This cancelled out the signal and I did not enter.
Trade Result: +0 pips R-Multiple: N/A
News events to watch for tomorrow:
- 8:30am EST- US Durable Goods Orders m/m
- 10:00am EST- US New Home Sales