NQ Update
Aggiornato
A double headfake on the Fed news. Nothing good will come out of pumping bad news, short squeeze because the market is oversold.
My short squeeze rule is wait 3 or 4 days, so I'm done until next week. Not feeling bullish enough to buy garbage like PTON, lol. (It's green now)
My best guess is that RSI needs to go overbought before we see a dip, but the market could sell this pump off at any time, could even be tomorrow. Pump and dump logic dictates a gap up though.
My short squeeze rule is wait 3 or 4 days, so I'm done until next week. Not feeling bullish enough to buy garbage like PTON, lol. (It's green now)
My best guess is that RSI needs to go overbought before we see a dip, but the market could sell this pump off at any time, could even be tomorrow. Pump and dump logic dictates a gap up though.
Commento
RSI now touching overbought, that was quick, lol. With MFI divergence of course.I might look for a short opportunity tomorrow. I think Friday sector rotation, nobody wants to hold garbage for too long.
Commento
Strictly from a chart pattern standpoint, we could be setting up for an inverted H&S if it goes down from here.More whipsaw coming probably
Commento
I am cancelling the inverted H&S call, NQ needs to go oversold first, just watch the indicators
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