NQ MFI just hit oversold.... so maybe the market gaps up. Time for bed.
📌 A timely update to the S&P weekly chart, where we can see clearly sellers are provoking the breakdown into some sort of waterfall. All Global Equity charts look very similar with the traditional struggle between the defending fast money crowd and the more MT and LT sharks who are aware that the momentum is stalling and are itching to load at cheaper levels. ...
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Looks like MFI needs to go oversold before we get the next pop up.... ES chart looks the same.
Not a good sign for longs, expecting a gap fill either today or Monday
MFI looks like it's scrolling up but RSI still has room to drop.... Remember yesterday when I said wait until EOD today to decide to go long.....
Hello everyone This is my nasdaq idea for Daily time frame watch key notes for more detail on chart for any question feel free to ask :) good luck
Waiting for MFI to hit oversold. Appears to be a melt up as futures selling didn't cause the market to tank. I might just wait until tomorrow morning to buy calls, gap direction for tomorrow is undetermined unless the market tanks in the afternoon. Probably just whipsaws sideways today. Chart pattern and indicators the same for ES1!. Flipped some XLF puts for...
The Nasdaq is very strong in the last trading day, according to the 4H chart, we found that it did some correction around at 12065 and go back to today's opening again. As a result, it may be a good signal for calling NQ to follow the uptrend. Target: 12400 Stop loss: 12123 P&L ratio: 1:1.2
Both MFI and RSI are ridiculously overbought, but if you follow the arrow I drew, you can see that indicators were ridiculously overbought the last time we were at the same price level. Safe play would be to cash out all long positions and short the double top... but I may get greedy and hold on to some long positions, have not decided yet and we're one hour from...
Market going against all of my indicators, plus against other world markets.... Appears that we are going to melt up until the stimulus package is approved. Hate to bet against my indicators, so took a small position in AAPL calls and a few shares in my 401k. I figure 5G iPhone, earnings end of month, breakout from a pennant and an inverted H&S pattern. (See...
Since 2018 NKD1! has been posting diminishing returns within their market. Though, these are new times none of us have witness when it comes to new economic and monetary policy. Do we reject this trend and print yet another lower high? Or does the Japanese market breakout? What is interesting is that during the US market correction that occurred at the start of...
Hello everyone This is my nasdaq idea for daily time frame watch key notes for more detail on chart for any question feel free to ask :) good luck
Waay overbought. Another drop coming in this stupid whipsaw.
Looks like we get another pump after the morning dip Amazing they're pumping it with no stimulus package coming for a month. Indicators tell me it's headed up though. Expect some weakness at open. ES MFI is almost oversold as well.