Almost overbought, we'll see Monday morning i the Euros join the pump or dump it instead.
All other indices are neutral, neither overbought or oversold
Indicators don't show a direction but if this breaks the blue line it's headed to the next one down again.
EV stocks red across the board, appears the bubble is collapsing. Bigger chance of a tank than a rebound, I would stay away from EV stocks, though I think it gets a bounce this afternoon or Monday.
Posting this because a lot of stocks are showing the same pattern.... Target $94 - 95 Market looks bullish going into Ponzi Friday
NQ MFI oversold, but we know it can stay oversold for a while... It obviously hit the target I drew up yesterday. If it breaks the blue line it will head to the next one down again. I flipped most of my puts on open, riding a small position until tomorrow. Good chance we get a pop tomorrow because everything is oversold, but indicators don't work in a tank,...
MFI climbing fast, expect another selloff when it gets overbought...
Huh.... it is sorta tracing the last drop after all, expect more whipsaw. Generally speaking, during a big tank week like Asia had, Fridays wind up being an up day just because shorts will cover to lock in profits. Bullish for tomorrow, but I wouldn't hold any long positions over the weekend. Not worth the risk, plus teh overlay says down again anyways.
MFI moving up.... You figure small caps are due for a bounce, closed out all my puts, all cash. Not feeling bullish though. Maybe if we get one more tank, lol, then I have to go long.
Not really sure which way this breaks, but not feeling very bullish Remember AAPL is the market
I keep drawing parallel blue lines and the market keeps channeling in them.. General rule is when it breaks a line, it heads to the next one. Bearish. I'm into April puts on garbage stocks, didn;t even bother watching the market today.
Wow, China and Japan went on a full out tank with another 2% drop tonight, didn't see that coming. I though Asia was gonna go up tonight, but at least this explains the afternoon drop in the US market. They dumped US futures on high volume before they tanked their own market. Oversold again, but I think tehy turned their algos off.
So much for indicators and overlays, looks like they turned off the buy algos. No guesses anymore, lol. RSI oversold again, MFI is not.
PoS missed on earnings and went up big couple days after for no reason. Obviously forming a pennant,, no reason for it to break upwards. A lot of stocks are heading back to pre-COVID price range, this should be one of them. $26-27 target, bought April puts this morning
Went oversold as overlay predicted, similar shape. Expect a bounce here, may not go as big as last time.
A little dip there but the pattern still holds. Expecting it to go overbought tomorrow, since teh market can only go down on Thursday when the market is bullish.
Damn Germans ruined the fun by rebounding before the US market opened. Looks like this turd is headed up as well