I warned everyone that FDAX was oversold yesterday afternoon. ES moving up even though MFI is going down.
During a melt up, the biggest move comes when MFI gets oversold, so watch for that and go long. Could break out of this channel on the stimulus, bail when overbought on MFI.
yup definitely, i am thinking potentially 3700 then a massive down ending, or perhaps monday...or perhaps we just keep melting away into oblivion
DaddySawbucks
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@wayum999, it's insane but there it is ffs; expect another gap up monday ffs
hungry_hippo
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@DaddySawbucks, indicators show overbought and ES hit my trendline, but IWM chart shows possible exhaustion gap Monday.
If you think this is insane, look at Korea (EWY, KOSPI). Up 20% in a month for a major market is unheard of.
DaddySawbucks
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@hungry_hippo, Yes expect the exhaustion gap; but wait! Didn't we already have six or seven such gaps?! LMFAO, ffs, sigh... didn't buy calls cuz price is too high but shorting it hurt bad. We did get that EOD squeeze burst. Pass more Dammitol!
FibonacciDiPisa
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@DaddySawbucks, yup based on my soy oil theory, down then massive up into oblivion, maybe at end of day and/or into futures
FibonacciDiPisa
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@DaddySawbucks, also tons of bid volume today unlike previous days with very much ask volume outweighing the bid
hungry_hippo
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@wayum999, everything is overbought, so I'm thinking EOD drop again, another bear trap then gap up Monday. We'll see.