NQ MFI OVerbought
Updated
Overbought on my 3hr chart, barely above oversold on teh daily.
All other indices are overbought on 3hr as well. Usually means down.... but the daily? I dunno.
All other indices are overbought on 3hr as well. Usually means down.... but the daily? I dunno.
Comment
If you ignore the fact that the daily is oversold, it's very bearish....Comment
3 hr MFI no longer overbought, daily no longer oversold.Algos took care of both issues with selloff in the morning and pump in the afternoon. I'm assuming the daily chart matters more, so it's gonna go up despite no compelling economic reason.
Might just take another break.... not feeling bullsih enough to go long
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