Just wanted to point out that all of my daily indicators rolled over and looks bearish. At the same time, none of them went overbought.
I posted this morning that I canceled my "BTFD" call for today based on short term indicators going overbought on RTY, and ES/NQ MFI should go overbought on my 3 hr chart tomorrow before open.
I'm not feeling all that bullish about earnings, but at the same time this is a tough market to short. I might take a break from the market soon. I do plan on shorting something if the market gaps up or otherwise goes green tomorrow. Definitely no long positions over the weekend.
I posted this morning that I canceled my "BTFD" call for today based on short term indicators going overbought on RTY, and ES/NQ MFI should go overbought on my 3 hr chart tomorrow before open.
I'm not feeling all that bullish about earnings, but at the same time this is a tough market to short. I might take a break from the market soon. I do plan on shorting something if the market gaps up or otherwise goes green tomorrow. Definitely no long positions over the weekend.