Futures are up, looks like we get the usual Monday/Tuesday pump. MFI is overbought but it's looking like it'll hit the upper trendline before doing a dip. Waiting for that to happen before starting any big short positions. I do have some PD puts though, and NQ looks weaker than the other indices, usually it leads up moves but it's lagging tonight.
I do not recommend chasing overbought conditions but it's your money, lol.
I do not recommend chasing overbought conditions but it's your money, lol.
Comment:
China is dragging on futures, but it's always up to the Euros to determine the morning gap.
Comment:
This is why you don't chase overbought conditions.... selloff started sooner than I expected.