Staring at this and honestly cant get my head around it all. Its got to come down at some point.
Been riding the top of the bollinger band for almost a month now.
Growth turning nearly hyperbolic..
RSI overbought. MFl diverging from RSI..
IDK how you bet against this market right now, but every instinct i have is telling me to short. I am still in put options right now that have taken a beating, but am holding them for a bit longer unit we come back to reality..
Do not try and bend the spoon, that's impossible. Instead, only try to realize the truth... there is no spoon......
Is that a radial fib? What are you looking for there?
WDERUVE
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@sgnielsen_3, Its a GANN Fan. Typically helps show interactions at levels not always easily defined by FIB lines. Do some research on GANN super interesting stuff.
kosherhotdog14
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No drop before late thursday to EOD Friday.
cromero_flash
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Love the matrix analogy !! :)
WhipsawJunkie
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So are you saying when MFI diverges from RSI that indicates a reversal?
WDERUVE
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@WhipsawJunkie, I Think with MFl indicating money beginning to flow out, and RSI being overbought on the daily chart we could see the bears begin to gain some traction here.
WhipsawJunkie
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@WDERUVE, Makes sense. And we see what happened the last time the RSI was that high.