ES1 MFI Oversold

10 Eyl 2019

MFI went oversold on ES1 3 hr chart, so I guess we get an overnight pump.

I don't think we're gonna get a huge pump, but wouldn't be surprised by 10 - 15 pts, because that's what the computers always do.

10 Eyl 2019

Not

They pumped it up so hard the last 5 minutes that there's a gap at 2970.38. By law, all futures gap have to fill so I expect more whipsaw.... or maybe a drop next week when the Feds talk.

10 Eyl 2019

Not

Note: ECB meeting tomorrow night, we could see huge movement depending on what they do.

11 Eyl 2019

Not

Asia up, Euro up, US futures flat. Algos aren't acting quit the same tonight, though I still expect an up day tomorrow... but who really knows...

11 Eyl 2019

Not

ECN meeting tonight, more than likely a rate cut. The EUros could gap this over my blue line tomorrow which would cause a big short squeeze rally.

11 Eyl 2019

Not

*ECB

RSI almost overbought, MFI divergence showing. COuld be a pump and dump on the ECB rate cut.

11 Eyl 2019

Not

Appears to be setting up for another pump and dump, no position. Will look at shorting stuff tomorrow, retail XRT looks like a good candidate, retail numbers come out Friday morning.