NQ Update
Aggiornato
LOL, I just can;t stay away from the market today for some reason.
In any case I kept pointing out that NQ wasn't oversold, and something had to give. Well it did and NQ went oversold.
So I assume we get at least a dead cat bounce here either tomorrow or Monday even if the market decides to take a big crap again. Considering how the EUros started the selloff in Feb, and again this week, I'd be very cautious about going long. There's a chance we get another waterfall, because "second wave" and what not. We haven't seen a selloff like this since Feb.
In any case, I was right yesterday, we did backtest the old top.
In any case I kept pointing out that NQ wasn't oversold, and something had to give. Well it did and NQ went oversold.
So I assume we get at least a dead cat bounce here either tomorrow or Monday even if the market decides to take a big crap again. Considering how the EUros started the selloff in Feb, and again this week, I'd be very cautious about going long. There's a chance we get another waterfall, because "second wave" and what not. We haven't seen a selloff like this since Feb.
In any case, I was right yesterday, we did backtest the old top.
Nota
Not feeling very bullish, but pointing out MFI went oversold which is when it usually turns around. Probably gonna wait until Monday to buy anything.
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