NQ MFI is almost oversold, so I assume that means a pump tomorrow when it gets there. NQ is the only index that appears to be melting up.
No idea which way the market gaps tomorrow, but I might go long on tech tomorrow. No idea what the market is gonna do this afternoon, so much news related whipsaw....
No idea which way the market gaps tomorrow, but I might go long on tech tomorrow. No idea what the market is gonna do this afternoon, so much news related whipsaw....
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MFI now touching oversold, but just remember neither MFI nor EOD direction dictates gap direction. That usually depends on what Europe does in the morning.
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I think tomorrow might be one of those days where they pump tech and dump everything else. Be careful what you trade....
I don;t recommend holding a long position overnight, these gaps have been huge.
I don;t recommend holding a long position overnight, these gaps have been huge.
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NQ MFI bounced when it went oversold.
Sill not trusting the Euros, so no long positions overnight
Sill not trusting the Euros, so no long positions overnight
The Fed should raise rates .25%, but you never know with Simple Jack Powell.