TradingView
hungry_hippo
May 17, 2022 11:33 AM

NQ Update 

E-mini Nasdaq-100 FuturesCME

Description

MFI dropping while RSI rising. Usually tells me to buy when MFI goes oversold....

Looks like it'll fill the gap above. We could see a dip here after open because it hit last week's resistance.

Comment

MFI still dropping, I think we see a dip before it goes up for the gap fill. I could be wrong though, lol.

Not buying calls right away will wait until MFI gets oversold.

Comment

LOL, I told you so. Got into some PDD puts because HSI is overbought

Comment

I hink inverted H&S, market will go up when MFI gets oversold. I think maybe the opposite happens tomorrow where it gaps down then goes up

Whipsaw market, be careful. Still think the market goes up for the gap fill though.

Comment

Ignoring the gaps, it's a straight up pump and dump. Not enough buyers to melt the market up so garbage stocks are already red. Look at PTON, etc.

Comment

Note, I bought PDD puts, holding overnight because HSI is overbought.
More