ES Update
MFI close to overbought again on the 3hr, but it finally made a move up on the daily. Tomorrow is Ponzi Friday as well.
I'm guessing another whipsaw day tomorrow. Best guess is that it's a whipsaw bottom like last Oct. Go long on a stock you have confidence in. We could just whipsaw for a couple of weeks like last Xmas. I don't recommend options trading at this point.
I'm guessing another whipsaw day tomorrow. Best guess is that it's a whipsaw bottom like last Oct. Go long on a stock you have confidence in. We could just whipsaw for a couple of weeks like last Xmas. I don't recommend options trading at this point.
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Even if futures sell because MFI gets overbought, I'd imagine it'll wind up looking a lot like toady's chart because Fridays are 401k purchse days with some follow through on Monday
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Look at the area I highlighted, lol