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NQ Update 7/17
NASDAQ 100 E-mini Futures
NQ Update 7/17
By hungry_hippo
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Updated
Jul 17, 2020
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Jul 17, 2020
Had some calls overnight, flipped them on open because NQ MFI went overbought pre-market.
Seeing some mixed indicators on indices, done for the week and staying cash. My prediction is whipsaw, lol.
Jul 17, 2020
Comment
Forgot to mention that there's a pennant structure, which isn;t a surprise when the market is whipsawing without direction.
Jul 17, 2020
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I doubt it breaks the pennant before we close today, the market has a habit of ending the week on a trendline.
We'll find out next week which way it breaks. Market has been pumped up by FAANG stocks so NQ pretty much dictates market direction.
COVID numbers or stimulus, pick your direction.... I'm staying all cash.
Jul 17, 2020
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Defintely staying cash in this whipsaw finish to a whipsaw week
Jul 20, 2020
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Big surprise there, lol... it broke upwards.
The pumptardedness will never end. Note that it's not overbought yet on MFI or RSI, so pretty good chance of a gap up tomorrow.
Jul 20, 2020
Comment
Almost overbought on RSI....
Chart Patterns
Technical Indicators
NASDAQ 100 CFD
NQ
hungry_hippo
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