NQ Update

١٧ ديسمبر ٢٠٢٠

SOld off the overbought MFI but RSI is still up there because people are buying the rally, lol.

Hey, who cares about unemployment as long as everyone gets a $600 check.

As always, I remain bearish until indicators show oversold. Hard market to short though, be careful what you pick.

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ملاحظة

BTW, nested wedgies.

١٧ ديسمبر ٢٠٢٠

ملاحظة

RTY MFI is almost oversold, so probably sector rotation.

Indices indicators have not synced up the past couple of weeks.... strange market.

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ملاحظة

More dip buying.... if MFI drops below 30, we'll probably get another kick up. Right now it looks like a melt up, MFI dropping but RSI isn't. If that holds up, it'll bust through the pink trendline....

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ملاحظة

Insane pumping, lol.

Hang Seng and FDAX both super overbought on MFI, FDAX way overbought on RSI too. Can't imagine they can gap this up tomorrow, especially since it's already hitting my upper trendline.

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ملاحظة

The stimulus more than likely winds up being a "sell the news" type event. $600 and some unemployment benefits isn't going to fix unemployment.

As always, pay attention to the indicators.

١٨ ديسمبر ٢٠٢٠

ملاحظة

Has anyone else noticed that I keep drawing parallel blue lines and the NQ always melts up at the same slope angle?

If that doesn't convince you that it's all run by algos, I don't know what else can.