ES MFI oversold

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Could stay oversold..... but I wouldn't count on it. Certainly looking like we'll get the usual Friday rally tomorrow.

Also, there's an open gap above from the Euro market open. And YM is also oversold.

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تعليق

If you look at the 5 min chart, you can see that was a quick profit taking double bottom by the EUros that bought this morning and dumped.

I warned everyone not to chase the drop..... flipped all of my puts on the drop.

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تعليق

Whipsaw day.... staying cash. Good luck

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تعليق

Remember, options expiration tomorrow.....

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تعليق

I just realized there's no gap above, investing.com had a website problem last night.

Probably EOD weakness then a gap up tomorrow thugh because that's what the market seems to do every Thursday/Friday

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تعليق

Note: No longer oversold.... but barely

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تعليق

OK, I didn't see that coming.... futures dropping AH. Not that I mind, I'm only carrying puts.