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You really wanna go long here?!
NASDAQ 100 E-mini Futures
You really wanna go long here?!
By DaddySawbucks
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Updated
Nov 8, 2021
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Nov 3, 2021
RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG.
Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover.
Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey real soon IMO.
Expect ATH ~400 in QQQ before it's done IMO. Might get an exhaustion gap up Thursday 11/04. See related ES1 chart, suggests Tues Top.
This is not advice, just another tutorial about nutty price behavior. I do not recommend or hold any position now; GLTA!
Nov 5, 2021
Trade active
Opening bear put spread in Nov 401 short the Monday 8 Nov 396, just six spreads to start, add if it pops in power hour
Nov 5, 2021
Trade closed manually
Closed on weakness, really expect EOD bounce to ATH
Nov 5, 2021
Trade active
Entered short EOD Friday 11/05, Happy Guy Fawke's Day. See related posts for details.
In late trade after gap fill meeting strong R at 4700. Shorting the pushback; IMO we topped today.
GLTA!
Nov 8, 2021
Trade closed manually
Closed out flat on weakness early Mon AM, might pump again into the PM trade IMO, Tues might get stupid bully again? Pure guesswork atm
ATH
blowofftop
Chart Patterns
Technical Indicators
overbought-condition
waterfall
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