This is what I was talking about earlier, MFI actually went down today. MFI for SPY and
SPX
was flat.
Indicates to me that today's pump was actually dip buying in stocks, and wasn't driven by the index futures or funds.
So I missed out this week, oh well. Not gonna play the Friday Ponzi pump unless the market somehow goes oversold tomorrow, which I highly doubt.
SPX
was flat. Indicates to me that today's pump was actually dip buying in stocks, and wasn't driven by the index futures or funds.
So I missed out this week, oh well. Not gonna play the Friday Ponzi pump unless the market somehow goes oversold tomorrow, which I highly doubt.
Comment:
I'm probably not trading tomorrow morning, so probably no morning update. I suggest looking at the 3 hr chart before open. I use default settings except stoch, but I've been told the indicators don;t line up unless you're in teh right times zone (Eastern or Pacific)