ES1 SPX Futures also show a pennant
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Obviously if the index is forming a pennant, so are futurez. This tells me to just stay out for a day or two and let the market resolve the direction.
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Futures look weak AH, would appear that they turned off the pump and dump algos. Of course, everything can change overnight when the Euro markets open.Nota
Appears to be breaking out downwards, futurez red worldwide. God forbid the market does something logical....Nota
Looks like a pump and dump on low volume tonight. Look at the MFI (you'll have to pull up the chart), absolutely no money flow so far.Nota
If you pull up the chart, you'll see they tried to pump it this morning. MFI went up but RSI went down as the market sold the pump. Doubt they try it again tonight, they usually shut the computerz off when they start losing money.Rates inverted, no China deal, Trump making love to Kim Il Jong. I see no reason to be bullish on the market, not going long unless it gets oversold and I see divergence.
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Figured it'd bounce off the 200DMA, closed all of my short positions. Will decide this afternoon if I want to go long or not, got other things to do today.All cash right now.
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