Pumped because MFI was oversold premarket, I mentioned that this morning. the dip appears to be the trendline backtest so I re-aligned the purple line a bit.
Chart pattern indicates a gap up Monday but FDAX and HSI are overbought on MFI, so I am not sure which way the market gaps Monday.
I'm bearish on China and FDAX but bullish on the US market until AAPL hits the top.
As one of my followers mentioned earlier today, the Fed hasn't tightened at all. I think it's because they can't sell MBS without taking a loss, so they're stuck, lol. Too much freakin money floating around, so here we are....
Chart pattern indicates a gap up Monday but FDAX and HSI are overbought on MFI, so I am not sure which way the market gaps Monday.
I'm bearish on China and FDAX but bullish on the US market until AAPL hits the top.
As one of my followers mentioned earlier today, the Fed hasn't tightened at all. I think it's because they can't sell MBS without taking a loss, so they're stuck, lol. Too much freakin money floating around, so here we are....
We'll see....