Busted out of the year long down channel and needs to fill that open gap above.
3 hr RSI is overbought so probably a dip tomorrow, but I do not recommend shorting anything until ES and NQ gaps fill. Even gold is moving with the market like I posted couple of days ago (shoudl have bought calls, lol), and cryptos look bullish as well.
BTFD until the gap fills then we figure out the next move.
3 hr RSI is overbought so probably a dip tomorrow, but I do not recommend shorting anything until ES and NQ gaps fill. Even gold is moving with the market like I posted couple of days ago (shoudl have bought calls, lol), and cryptos look bullish as well.
BTFD until the gap fills then we figure out the next move.
Comment:
2018 rate hikes:
www.kylinprime.com/n...2018-and-Beyond.html
www.kylinprime.com/n...2018-and-Beyond.html
For reference, the market took a complete crap in Dec 2018 because the Fed raised rates 0.25% in Sept and December, lol. The NASDAQ is still double what it was at the end of 2018.
Crazy stuff. One thing I learned about this market... don't overthink logic because the market doesn't use any. Certainly don't factor economics into your trades.