Indicators are neutral going into ECB meeting tomorrow morning. No definitive gap direction for open tomorrow, regardless of what happens when the Village Idiot speaks in 25 mint=utes
Indicators are neutral, but chart formation does look like teh highlighted area.
Doesn;t really matter because gap direction will depend on MSFT and GOOG earnings tonight.
Just noticed that FDAX daily MFI hit overbought and rolled over, I guess that's why it finally had a down day for once, lol.
Based on what happened EOD today, there are still traders expecting the Euros to pump and gap the US market up, but that might be a dangerous assumption at this point.
My 3 hr indicators are neutral for tomorrow though.
RSI hit overbought with MFI divergence but this could be a melt up
I think gap direction tomorrow will depend more on NFLX earnings. TSLA tomorrow afternoon. NQ is oversold but staying out until after TSLA reports I think.
For those that don;t follow me, I just use FDAX to determine gap direction for the US market, not actively trading Euro stocks. Really no...
Hit overbought on RSI and MFI this morning and rolled over. Yet another reason why I'm bearish for Monday, I might add some more puts EOD. Looks like it's just gonna do a whipsaw finish today because Friday is Ponzi 401k payday.
No numbers coming out Monday, so I'm expecting gap direction to be the same as Euro market direction
MFI hit overbought, RSI is not there yet. Looks like the Euros are the ones pumping the US market back to green.
I think the US market will trade on news regardless. Fed meeting minutes at 2pm, PPI and unemployment tomorrow, retail Friday.
In this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunity and price objectives to target
Went overbought on RSI again with MFI divergence. I think it goes down tomorrow morning and causes the US market to gap down. It may just be a back test of the old resistance though
In any case, US indices are not oversold yet, so no reason to buy the dip until tomorrow.
IN this update we review the recent price action in the #DAX futures contract and identify the next high probability trading opportunities and price objectives to target
Well, like I said yesterday (and many times before) the Euros determine the gap direction. They pumped before market opened and we got that big gap up.
FDAX MFI is now overbought though and German CPI release is tomorrow morning. high probability of a gap down tomorrow.
Indicators are neutral, but it hasn't hit oversold yet so there's a possibility of a gap down Monday despite the bullishness in the US market today.
the US market probably wants to gap up but the Euros dictate the gap direction much like this morning. I am planning on carrying a relatively small long position over the weekend.
As I said earlier in my ES post,...
Happy Birthday, William Shatner! Consistent with the great day of the actor playing Captain James T. Kirk in Star Trek , DAX was also beamed up – and considerably so. From the low of wave iv in pink, the index has shot upwards by about 5% and should still continue the ascent above the resistance line at 15 703 points, where it should complete wave 1 in blue....
NQ MFI is now touching oversold but FDAX shows no direction for the gap tomorrow. Indicators are neutral.
I still have my PTON puts, it's not moving with the market anyways, lol.
Oversold on both MFI and RSI
So Europe is gonna want to gap things up tomorrow morning, but CPI numbers coming out premarket
Probably more whipsaw, lol.
In this update we review the recent price action in te DAX futures contract and identify the next high probability trading opportunity and price objectives to target
