New overlay.... NQ MFI almost oversold, looks like RSI might be headed that way too. Then they pump again as usual.
Dow and small caps are overbought, so if they drop, SPX and NQ will go with it... I think.
Looks pretty bearish for the beginning of this week.
Had some PCAR and AAPL calls over the weekend, flipped all of it this morning, AAPL on open, PCAR just now. Wish I had done GM calls like usual though.
Dow and small caps are overbought, so if they drop, SPX and NQ will go with it... I think.
Looks pretty bearish for the beginning of this week.
Had some PCAR and AAPL calls over the weekend, flipped all of it this morning, AAPL on open, PCAR just now. Wish I had done GM calls like usual though.
Comment:
Overlay indicates gap up and drop tomorrow, we'll see what happens.
Comment:
MFI did go oversold as expected and bounced up. We'll see if there's another leg that takes both MFI and RSI oversold, but I suspect things get pumptarded again by the end of next week.
No tanking until the Dow and small caps fill their COVID gaps. Some very obvious sector rotation out of super pumptarded stocks though.
No tanking until the Dow and small caps fill their COVID gaps. Some very obvious sector rotation out of super pumptarded stocks though.
Comment:
So much for the gap up, they sold off futures before the market even opened. Does seem to be following the overlay though. I posted an update.