NQ Update

Not sure WTF teh market is doing but NQ is still oversold on MFI, so I have to believe it's headed up tomorrow. Plan is to short some tech stocks if NQ gets overbought on RSI with MFI divergence.

All cash overnight, no idea which way the market gaps tomorrow morning.

Note: NQ gap filled as expected right after open today. Remember, all futures gaps fill, some sooner than later.

Yorum:

Indicators for indices are now neutral but obviously trending up.

Euros determine the gap though

Yorum:

Euros did pump as expected, but it never went overbought because of rising bond yields. Sometime the market falls short of the target, there's no requirement to going overbought before a selloff....