ES Bear Scenario Overlay

١٢ ديسمبر ٢٠٢٠

MFI is overbought, so I expect a pump and dump Monday or Tuesday. Kinda fits in with what I expect, but the overlay (from the previous drop) implies a X-mas tank. Maybe the annual Xmas rally gets cancelled by COVID, I dunno.

Just an idea at this point. As always pay attention to the indicators. No way I go long when MFI is overbought.