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.
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Now touching overbought
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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.
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Told you so....
Probably whipsaws back up when MFI gets oversold so watch out for that. More whipsaw, lol.
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Where's that idiot who told me my indicators are useless....
lol
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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
Waiting for you to say MFI oversold to close my short :D
hungry_hippo
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@jakslo23, 3hr chart with standard settings. Probably happens tomorrow. It;s still overbought
jakslo23
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@hungry_hippo, thx, do you have any guess when this channel since last week will end and the market will decide the direction?
hungry_hippo
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@jakslo23, I think it might hit my green line tomorrow which means it'll break the bottom, then backtest by going up Friday, lol. More whipsaw.
jakslo23
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noted, thanks again!
hungry_hippo
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@jakslo23, just keep in mind I'm guessing like everyone else, but the guesses are based on what my indicators are doing. Unfortunately the Euros have been hard to figure out the past couple of weeks.
jakslo23
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@hungry_hippo, sure thing, I am just collecting opinions from smart guys the same way I am collecting data or looking at charts. Yeah, euros are super weird lately.
hungry_hippo
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@jakslo23, good. I hate people that blindly trade on what I say, I'm not comfortable with that. Unless you;re shorting PTON, lol. I predict bankruptcy with a year.
jakslo23
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@hungry_hippo, yeah, it would be very stupid to bet your money on a single person's opinion
hungry_hippo
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@jakslo23, crazy market, looks like it's going to stay in the whipsaw zone, I flipped my puts a few minutes after open.