POsted a pennant Friday, appears to have broken upwards, expect it to at least retest the top, if not break out this week.
MFI moving up, rotation appears to be over.
MFI moving up, rotation appears to be over.
Note
In case you're not paying attention, NQ broke out to a new ATH already.Note
Was expecting a gap up but futures are red, Euro market looks weak. We'll see where we;re at before open...Note
I guess it is gapping up after all, lol.NQ MFI overbought while YM MFI is close to oversold.... another whipsaw day? More sector rotation? We'll see.
Note
NQ was overbought, so obviously they had to dump futures. Dollar index up big as well. Bearish for tomorrow, bought some puts in the afternoon.Probably gonna be just a one day dip because it's Thu tomorrow, and Friday is Ponzi 401k Friday.
Note
Also broke the blue trendline, we could see it drop down to the next line tomorrow.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.