NQ MFI Overbought

385
Waay overbought. Another drop coming in this stupid whipsaw.
Not
ES, YM, and RTY MFI also overbought
Not
Definitey do not want to chase this gap
Not
NQ and YM got rid of overbought condition while ES and RTY are still way overbought.

Could be a set up for an overnight tank like last week. Chart pattern on NQ is almost identical. Or maybe afternoon before close again, lol.

STaying out, it's easier to play the rebound on teh drops, rather than hoping for a tank.
Not
Market really didn't do much past the first couple of hours....

Staying cash fading the gap tomorrow, whichever way it gaps
Not
Guessing that we probably won't see much of a gap.
Not
Not really sure what's up, jobs numbers sucked, Pelosi said no partial packages, all indices were overbought premarket.

Yet nothing tanked, odd. Just sideways drift after a decent gap up.
Not
Algos went straight for the pump right after close. Pump on low volume dump on high.

Expect a gap up and dump tomorrow.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.