TradingView
hungry_hippo
١٥ أيار مايو ٢٠٢٣ ١٣:٥٧

NQ Update 

E-mini Nasdaq-100 FuturesCME

الوصف

MFI touching oversold on the 3hr, ES and RTY aren;t there yet. This usually means we get a tech only bounce, but watch out because the weekly MFI is overbought. Don;t get too greedy here near the top.

تعليق

Retail numbers tomorrow are supposed to be good, unemployment numbers supposed to go down Thu, but the Village Idiot (Powell) has a speech at 11am Friday.

Something to watch out for if you're long. I missed the dip because I was waiting for ES MFI to go oversold and it didn't. Oh well.

تعليق

Yields rising at the same time gold is rising, something very fishy is going on with this afternoon weakness.... like the algos are setting up for a "debt ceiling" dump or something.

I guess we'll find out tomorrow. I don;t recommend doing large bets in a whipsaw market.

تعليق

Retail numbers sucked, and there is definitely a rotation from small caps to tech today
التعليقات
HayeTrading
Definitely getting into ripe territory for a correction, thought we were going to see it start when price dumped at the open today but since bounced out nicely. Nice analysis 👍
hungry_hippo
@HayeTrading, weekly MFI is overbought, but usually the short term charts still work, which probably means one more rally then tank when there's MFI divergence on the weekly.
المزيد