ES MFI is oversold but NQ and RTY are not as shown in this plot
So possible further downside, might do a back test of the red channel line. Haven;t traded much all week, no reason to open a position at this point since I overslept. We'll see what happen next week.
So possible further downside, might do a back test of the red channel line. Haven;t traded much all week, no reason to open a position at this point since I overslept. We'll see what happen next week.
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BTW, I hope everyone understands my 4 day short squeeze rule now, short squeezes last a minimum of 3 days to force margin calls, so best not to short until the 4th day which would have been yesterday. I should've done it myself, lol.
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Probably a whipsaw finish today, I can see both longs and shorts closing out their positions for the holiday weekend
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BTW, we're at the backtest of the red channel line as I predicted this morning
It probably just heads to $18.5k and bounces again but I needed to do something to get back into trading mode. Bsically sat out the whole week.