Well, it's oversold on RSI with positive MFI divergence and hit my trendline. Seems the market double bottomed when hitting this line so I think I'll wait a day before going long.
We all know the market can get pumptarded quickly though.... but I might just take a couple of days off.
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Everything I see says wait until tomorrow and pick some stocks that hit support.
Probably wouldn't be a bad play to grab some calls today if you're willing to chance a little heartburn tomorrow. I can;t imagine more than one more down day though
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NQ may be oversold, but the other indices are not. I dunno if NQ tracks the other indices or if we get a sector rotation this afternoon and tomorrow.
Safe play still says wait until tomorrow. My board is about 99% red, lol. Just GM, IBM, and F are green.
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No idea which way this gaps tomorrow because ES, RTY, and YM have more down room whereas NQ is oversold. Really not sure if we see a sector rotation or straight dumps or straight pump, lol.
We'll find out tomorrow morning.
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Remember EOD action has been wrong for like 2 weeks straight