A few bearish signs starting to show up:
- Largest sell volume sign the Feb/Mar tank
- MFI double dipped into oversold territory
- MFI and RSI went oversold today but futures can't gain any traction at all
If the market gaps down tomorrow, it'll be the first time my indicators have failed me since the bottom. That would indicate that the market has topped, because my indicators only fail in a bear market. (I always have one bad trade when the market goes bearish, and looks like today's the day.)
Bedtime and things look bearish, Euro premarket just opened and it's dropping despite FDAX being oversold. Nobody is pumping futures anymore.
So when the indicators fail, it's just chart pattern trading for a while. Much less reliable, so I won't be trading or posting as often.
- Largest sell volume sign the Feb/Mar tank
- MFI double dipped into oversold territory
- MFI and RSI went oversold today but futures can't gain any traction at all
If the market gaps down tomorrow, it'll be the first time my indicators have failed me since the bottom. That would indicate that the market has topped, because my indicators only fail in a bear market. (I always have one bad trade when the market goes bearish, and looks like today's the day.)
Bedtime and things look bearish, Euro premarket just opened and it's dropping despite FDAX being oversold. Nobody is pumping futures anymore.
So when the indicators fail, it's just chart pattern trading for a while. Much less reliable, so I won't be trading or posting as often.