Time aligned my overlay...
I see a potential bounce this afternoon, Euro markets are now closing. However, I have Monday marked as a down day because I think FDAX goes oversold.
The issue I see is that a lo of stocks that don't normally leave open gaps have open gaps, so eventually those gaps will fill. Just look at my PCAR chart, always fills gaps. GME just filled the gap but AMC still has one open.
Not gonna play the afternoon bounce, will wait until indicators go oversold. Probably Tuesday.
I see a potential bounce this afternoon, Euro markets are now closing. However, I have Monday marked as a down day because I think FDAX goes oversold.
The issue I see is that a lo of stocks that don't normally leave open gaps have open gaps, so eventually those gaps will fill. Just look at my PCAR chart, always fills gaps. GME just filled the gap but AMC still has one open.
Not gonna play the afternoon bounce, will wait until indicators go oversold. Probably Tuesday.
Comment:
Wow, algos sold right into the rally and killed it.
Comment:
MFI cycled from oversold to overbought within 24 hrs, expect more whipsaw next week.
I don't suggest trading unless you can sit at a computer all day.
I don't suggest trading unless you can sit at a computer all day.