Looks surprisingly bearish today despite the gap up.
Indicators never made it to overbought, no idea which way it goes from here. When in doubt stay out, though I suppoose shorting garbage on open would have worked today.
At this point in the year, I'm just taking potshots at the market when the indicators tell me something. If you look at the chart for the year, NQ is at the same place as May, basically 6 months of sideways whipsaw.
Indicators never made it to overbought, no idea which way it goes from here. When in doubt stay out, though I suppoose shorting garbage on open would have worked today.
At this point in the year, I'm just taking potshots at the market when the indicators tell me something. If you look at the chart for the year, NQ is at the same place as May, basically 6 months of sideways whipsaw.
Comment:
No indication of direction for next week at all, probably best to stay cash and wait for the market to do something.
Comment:
Total crap shoot next week, probably just some EOD short covering