Description
⋅ POsted a pennant Friday, appears to have broken upwards, expect it to at least retest the top, if not break out this week.
MFI moving up, rotation appears to be over.
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⋅ In case you're not paying attention, NQ broke out to a new ATH already.
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⋅ Was expecting a gap up but futures are red, Euro market looks weak. We'll see where we;re at before open...
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⋅ I guess it is gapping up after all, lol.
NQ MFI overbought while YM MFI is close to oversold.... another whipsaw day? More sector rotation? We'll see.
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⋅ NQ was overbought, so obviously they had to dump futures. Dollar index up big as well. Bearish for tomorrow, bought some puts in the afternoon.
Probably gonna be just a one day dip because it's Thu tomorrow, and Friday is Ponzi 401k Friday.
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⋅ Also broke the blue trendline, we could see it drop down to the next line tomorrow.