MFI way overbought now
ECB and Fed minutes today. WOuldn;t buy into it with MFI overbought.
ECB and Fed minutes today. WOuldn;t buy into it with MFI overbought.
Comment:
Interesting how everything looked bullish until Euro markets closed.
Looks bearish now but watch out for the Fed minutes at 2pm, probably a big whipsaw, lol.
Looks bearish now but watch out for the Fed minutes at 2pm, probably a big whipsaw, lol.
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Just a whipsaw day with more whipsaw coming later
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The fact that SPX and NDX are still green leads me to believe that they're gonna pump the Fed minutes.
Recommend waiting it out, another hour....
Recommend waiting it out, another hour....
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Minutes will probably indicate .5% hike and the market will take taht as good news, lol
Lowering the amount of the hike isn't the same thing as a pivot, lol, but the market is stupid.
Lowering the amount of the hike isn't the same thing as a pivot, lol, but the market is stupid.
Comment:
If the market does tank, play it with next week's puts because Friday is a half day
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LOL, even garbage stocks like W went green in anticipation of a Fed pump.
Probably another 4 day short squeeze coming which means wait until Wed. If it tanks instead today, short at will.
Probably another 4 day short squeeze coming which means wait until Wed. If it tanks instead today, short at will.
Comment:
LOLOLOL, I was right, the market is stupid.
RSI hit overbought BTW. Staying out of this stupid market.
RSI hit overbought BTW. Staying out of this stupid market.
Comment:
High possibility of 4 day short ssqueeze, algos still pumping futures.
Will wait until next Tuesday or Wed then start trading again.
Will wait until next Tuesday or Wed then start trading again.
Probably hits the purple line then a dip