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hungry_hippo

NQ MFI overbought

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
hungry_hippo Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Technical Indicators Wave Analysis NASDAQ 100 E-MINI FUTURES QQQ
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indicator waveanalysis nq1! qqq
Overbought on the gap fill for NQ and ES. RTY did not fill the gap
Comment:
MFI overbought but the market still looks squeezy, I'm thinking buy the dip when MFI goes oversold. No play, gonna be patient this week.

Hoping for another dip tomorrow.
Comment:
Can't find anything to short and not chasing an overbought condition, not gonna play today.
Comment:
RTY gap just filled
Comment:
HD and WMT earnings before market open tomorrow
Comment:
Now overbought on RSI as well, but it's looking a lot like a pump and dump for tomorrow. Will just wait to see what happens tomorrow morning, maybe fade the gap if it gaps up
Comment:
The market is too disconnected with reality to short right now, earnings mean nothing apparently. Staying cash.

If you want to chase an overbought market, go for it. Not my style.
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