NQ Weekly

I said yesterday that I didn't expect a rally because weekly and daily indicators weren't oversold. The only indicator that showed a bounce was my 3 hr, and that's why I use a 3 hr time frame. (I get asked why ALL the time)

Anyways, I expect the next rally to happen when the weekly gets oversold. We ain't there yet, but pay attention to this chart. (Settings for MFI and RSI are standard setings for this site)

I'm telling you guys this so I have more sets of eyes looking at 3 hr, daily, and weekly charts. SOmetimes I miss signals, and my followers have helped out the group. I appreciate that.

Comment:

There isn't a single stock or sector that has recession priced in, be patient if you want to go long, at least wait for the weekly indicator.

You can say well PTON is at the bottom.... but recession pricing for that stock is literally $0. The true bottom isn't in until companies go bankrupt, anyone that traded the last 2 recessions know this well.