Wish I had looked at this earlier, NQ1 went overbought today with divergence.
Looks like the market was set for an AMZN beat, but it tanked instead. One would have to assume a selloff tomorrow, though futures are holding steady despite the big miss.
Here's the tank target for NQ1. WHo knows though... weirder things have happened, the market is completely ignoring fundamentals anyways, and it's been rising despite AMZN heading downhills since last earnings.
Looks like the market was set for an AMZN beat, but it tanked instead. One would have to assume a selloff tomorrow, though futures are holding steady despite the big miss.
Here's the tank target for NQ1. WHo knows though... weirder things have happened, the market is completely ignoring fundamentals anyways, and it's been rising despite AMZN heading downhills since last earnings.
Comment:
Broke out of the expanding triangle, is it a headfake or a continuation pattern?
Comment:
Well into overbought territory now.
Note that it went down precisely that amount AH.
It's also a 48 pt drop for NQ1, if futures drop less than 48 ts, it means everything else has to go up, which is kinda funny. It's happened before with FB in July 2018. Of course the market tanked the following day anyways.