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NASDAQ 100 E-mini Futures

NQ MFI Overbought

By hungry_hippo
Updated
Waay overbought. Another drop coming in this stupid whipsaw.
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ES, YM, and RTY MFI also overbought
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Definitey do not want to chase this gap
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NQ and YM got rid of overbought condition while ES and RTY are still way overbought.

Could be a set up for an overnight tank like last week. Chart pattern on NQ is almost identical. Or maybe afternoon before close again, lol.

STaying out, it's easier to play the rebound on teh drops, rather than hoping for a tank.
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Market really didn't do much past the first couple of hours....

Staying cash fading the gap tomorrow, whichever way it gaps
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Guessing that we probably won't see much of a gap.
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Not really sure what's up, jobs numbers sucked, Pelosi said no partial packages, all indices were overbought premarket.

Yet nothing tanked, odd. Just sideways drift after a decent gap up.
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Algos went straight for the pump right after close. Pump on low volume dump on high.

Expect a gap up and dump tomorrow.
Chart PatternsTechnical IndicatorsNQQQQ
hungry_hippo

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