The last time daily indicators went this oversold on NQ is when the Fed raised rates. The market did bounce up though as you can see with the overlay.
As I stated on the ES chart, futures left an open gap last night and I expect that to fill. Expecting a bounce soon, just not sure when, lol.
I think it's safe to buy ETFs and stocks for the bounce, but be careful with call options. Given the premium, timing will need to be more precise.
As I stated on the ES chart, futures left an open gap last night and I expect that to fill. Expecting a bounce soon, just not sure when, lol.
I think it's safe to buy ETFs and stocks for the bounce, but be careful with call options. Given the premium, timing will need to be more precise.
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Disclaimer
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.