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hungry_hippo

NQ Update

NASDAQ 100 E-mini Futures (CME_MINI:NQ1!)  
hungry_hippo Updated   
CME_MINI:NQ1!   NASDAQ 100 E-mini Futures
Chart Patterns Technical Indicators NASDAQ 100 E-MINI FUTURES QQQ
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chartpattern indicator nq1! qqq
NQ MFI is almost oversold, so I assume that means a pump tomorrow when it gets there. NQ is the only index that appears to be melting up.

No idea which way the market gaps tomorrow, but I might go long on tech tomorrow. No idea what the market is gonna do this afternoon, so much news related whipsaw....
Comment:
NOTE: It's melting up because the market is anticipating a rate CUT Wed, if the Fed raises rates then it comes crashing down hard.

The Fed should raise rates .25%, but you never know with Simple Jack Powell.
Comment:
MFI now touching oversold, but just remember neither MFI nor EOD direction dictates gap direction. That usually depends on what Europe does in the morning.
Comment:
I think tomorrow might be one of those days where they pump tech and dump everything else. Be careful what you trade....

I don;t recommend holding a long position overnight, these gaps have been huge.
Comment:
NQ MFI bounced when it went oversold.

Sill not trusting the Euros, so no long positions overnight
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