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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NOTE: It's melting up because the market is anticipating a rate CUT Wed, if the Fed raises rates then it comes crashing down hard.The Fed should raise rates .25%, but you never know with Simple Jack Powell.
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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.Nota
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.
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NQ MFI bounced when it went oversold.Sill not trusting the Euros, so no long positions overnight
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