More whipsaw as promised, lol.
MFI is almost overbought so probably a gap fill attempt and then down. Seems this market is only good for day trading, I warned everyone about holding a position overnight.
MFI is almost overbought so probably a gap fill attempt and then down. Seems this market is only good for day trading, I warned everyone about holding a position overnight.
Comment:
Now touching overbought
Comment:
I meant a gap fill on the daily indices, and it did fill. Sorry I wasn't clear, one of my followers asked below... I will try to be more clear from now on.
Futures went overbought so now down. No idea which way the market gaps tomorrow, it's been alternating up and down gaps, lol.
Futures went overbought so now down. No idea which way the market gaps tomorrow, it's been alternating up and down gaps, lol.
Comment:
Told you so....
Probably whipsaws back up when MFI gets oversold so watch out for that. More whipsaw, lol.
Probably whipsaws back up when MFI gets oversold so watch out for that. More whipsaw, lol.
Comment:
Where's that idiot who told me my indicators are useless....
lol
lol
Comment:
Gap direction depends on reaction to ECB decision. I'm not expecting a surprise as far as their decision, but you never know. They're going to end QE and raise rates in July, maybe the direction depends on if they signal .25 or .5% hike.
Absolutely no continuity or momentum for any market besides China, and HSI is now overbought on my plot so that may change too
Absolutely no continuity or momentum for any market besides China, and HSI is now overbought on my plot so that may change too