Looks to me like NQ and ES are doing a melt up, but both need one more dip so that MFI gets oversold then the market heads up.
Not sure if that happens this afternoon or tomorrow morning. If you;re shorting garbage stocks, you should've flipped those puts at 8am PST. Seems to be teh daily bottom lately
Not sure if that happens this afternoon or tomorrow morning. If you;re shorting garbage stocks, you should've flipped those puts at 8am PST. Seems to be teh daily bottom lately
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Both MFI and RSI oversold now
I think the market is gonna whipsaw downwards with lower lows and lower highs, like what NVDA is doing already. I don;t think it will be a straight tank.
I am gonna pay better attention to all indices, got too bullish because RTY MFI went oversold. ES and NQ RSI and MFI need to get oversold before the next real bounce.