NQ Update

20 Mar 2023

NQ MFI is almost oversold, so I assume that means a pump tomorrow when it gets there. NQ is the only index that appears to be melting up.

No idea which way the market gaps tomorrow, but I might go long on tech tomorrow. No idea what the market is gonna do this afternoon, so much news related whipsaw....

20 Mar 2023

Not

NOTE: It's melting up because the market is anticipating a rate CUT Wed, if the Fed raises rates then it comes crashing down hard.

The Fed should raise rates .25%, but you never know with Simple Jack Powell.

20 Mar 2023

Not

MFI now touching oversold, but just remember neither MFI nor EOD direction dictates gap direction. That usually depends on what Europe does in the morning.

20 Mar 2023

Not

I think tomorrow might be one of those days where they pump tech and dump everything else. Be careful what you trade....

I don;t recommend holding a long position overnight, these gaps have been huge.

20 Mar 2023

Not

NQ MFI bounced when it went oversold.

Sill not trusting the Euros, so no long positions overnight