MFI oversold and both chart and indicator patterns look like the highlighted area.
Flipped my puts on open, still deciding if I want to go long. remember NQ is overbought on teh weekly charts.
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MFI is actually still going down, almost looks like they turned the algos off after the pump and dump.
Maybe because the weekly went overbought? i dunno
Indicators aside, I maintain bearishness for Europe, I just don;t understand how they can hit ATH when they're technically in a recession. That's crazy.
I took profit on my puts during cash and opened long position for melt-up phase because most indicators will be rendered useless during this phase. FOMO
m3t4lz0n3
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@m3t4lz0n3, don't get me wrong, MFI has been great all the time and thank you for that. Cheers~
hungry_hippo
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@m3t4lz0n3, I stayed out after flipping my puts because I'm concerned about Europe. MFI does not guarantee gap direction.
m3t4lz0n3
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@hungry_hippo, noted. At this rate, im following price action and with abit of MFI guidance at the lower TF
jakslo23
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Still holding my last week shorts placed on the way from 14025 to 300. The algos and their crooky masters got me almost stopped there at 600. TP at 14k, as I expect some bounce there, and then the bigger leg down. No shock if we see 12k around July.
hungry_hippo
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@jakslo23, depends on the Fed meeting, but I'm thinking more like 13k. It is overbought on the weekly