Sunday gap filled and RSI hit oversold but MFI didn't, I guess that explains the weakness at close.
It might drop tomorrow morning then rebound in the afternoon after MFI gets oversold.
It might drop tomorrow morning then rebound in the afternoon after MFI gets oversold.
Note
MFI and RSI oversold now. FDAX too everything down.Note
We could be forming a giant pennant on ES here, we'll find out next week.Note
I think today was just a technical bounce because it was oversold. Also, SPX (actually daily index) usually fills the second gap when it gaps down 2 days in a row.I think the selloff resumes next week, and we fill the TACO gap. Action was very weak once it went green.
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