FDAX Update

DAX FuturesEUREX

Description

⋅ Aug 4, 2022 2:20 PM

It went straight for the gap fill, and now reversed. Also hit my channel line as well.

RSI hit overbought with MFI divergence.

This implies a gap down tomorrow, but tomorrow is also Ponzi Friday.... with employment numbers coming out.

Comment

⋅ Aug 4, 2022 5:27 PM

I don;t think Europe matters for tomorrow, the algos appear to be set up for an employment number premarket pump.

Don;t recommend shorting anything tonight except maybe bonds (TLT) or possibly crypto (has been trending more with bonds than with the market)

Comments

mc_speculator

⋅ Aug 4, 2022 3:50 PM

finally! gettin short yet? lol

hungry_hippo

⋅ Aug 5, 2022 8:31 PM

@mc_speculator, only PDD and bitcoin. Not even sure about that, lol. Market looks really squeezy still, look at garbage stocks like PTON, AMC, BYND, REAL, U, UPST, etc....

Better look at short interest in anything you short and stay away from indices.