Sorry, woke up late and missed the open.
Anyways, 3hr ES MFI went oversold on the morning gap fill. I said yesterday a gap in either direction will fill, and it did.
So possibly a bounce today and maybe even tomorrow on unemployment numbers, but more than likely just a quick pump and dump. STill going to wait until Monday.
Anyways, 3hr ES MFI went oversold on the morning gap fill. I said yesterday a gap in either direction will fill, and it did.
So possibly a bounce today and maybe even tomorrow on unemployment numbers, but more than likely just a quick pump and dump. STill going to wait until Monday.
Comment:
Looks like a short squeeze on garbage stocks, didn't expect that because RTY MFI hit overbought.
Comment:
Didn't expect SPX to go red again or the small cap pump.
Staying cash. If the market isn;t doing what you expect, probably not a good idea to do short term trades.
Staying cash. If the market isn;t doing what you expect, probably not a good idea to do short term trades.
Comment:
Indicators are not working well and garbage stocks are either flat or green.
The last time I saw action like this is when hedge funds had to cash out because of margin calls on the meme stock explosion. I assume this action is similar, hedge funds are liquidating both long and short positions.
Unemployment numbers tomorrow.
The last time I saw action like this is when hedge funds had to cash out because of margin calls on the meme stock explosion. I assume this action is similar, hedge funds are liquidating both long and short positions.
Unemployment numbers tomorrow.