NQ MFI Overbought

٣١ يناير ٢٠٢٢

Tracking my overlay and now it's overbought. ES chart is similar.

I would not chase this rally any further today. Woke up late so it's too late for me anyways, lol.

٣١ يناير ٢٠٢٢

تعليق

I think we'll get a good gauge on the strength of the market by what it does this afternoon.

٣١ يناير ٢٠٢٢

تعليق

Overlays aside, these short squeezes tend to last 3 days, so will be looking to short something tomorrow. Appears that the market is able to hold the gains today. Everything is so pumped up, I don;t expect much to happen the rest of the day

٣١ يناير ٢٠٢٢

تعليق

Looks like RSI might go overbought before we see a dip. Market melting up and I don't chase melt ups. Once the market is overbought it can drop at any time.

٣١ يناير ٢٠٢٢

تعليق

Pump and dump success for the algos, they're slowly selling futures off. We may see another pump and reversal tomorrow as they try to maximize profits.

٣١ يناير ٢٠٢٢

تعليق

Looks to me like they're gonna go for one more pump before the big dump either tomorrow afternoon or Wed. No new [positions unless the market decides to dump this afternoon