The algos pumped ES afterhours, and the Asians opened with a gap up and pump, but promptly sold off when ES RSI went overbought.
Not sure what to make of it since MFI didn't get overbought, but futures are flat except NQ which is up 35pts. 20 pt reversal on ES. NQ also hit overbought on RSI but not MFI.
COuld just be a whipsaw day tomorrow, but I'm sorta expecting either the EUros or US premarket to pump it up to get MFI overbought and also so that the algos can make their money on the pump and dump. If the market rallies in the morning, it's definitely set up for an afternoon drop.
Not sure what to make of it since MFI didn't get overbought, but futures are flat except NQ which is up 35pts. 20 pt reversal on ES. NQ also hit overbought on RSI but not MFI.
COuld just be a whipsaw day tomorrow, but I'm sorta expecting either the EUros or US premarket to pump it up to get MFI overbought and also so that the algos can make their money on the pump and dump. If the market rallies in the morning, it's definitely set up for an afternoon drop.
Comment:
Foreign indices only dropped .5%....
Wound up shorting the wrong stocks yesterday, but recovered most of my losses flipping BYND after the gap fill. Sometimes you can have the right idea, and bad execution.... oh well. You can't predict news.... (I had SQ puts)
EWY puts paid off well though
Wound up shorting the wrong stocks yesterday, but recovered most of my losses flipping BYND after the gap fill. Sometimes you can have the right idea, and bad execution.... oh well. You can't predict news.... (I had SQ puts)
EWY puts paid off well though
NQ MFI went overbought as well.