ES MFI overbought

29 thg 3, 2021

ES and YM MFI overbought, sorry for the late post, woke up a bit late

Note: RTY is scrolling down from overbought but NQ has not gone overbought yet....

29 thg 3, 2021

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No longer overbought.

I get this weird feeling that the market is going to gap up tomorrow so that the algos can make money on their pump and dump.

Small caps look terrible, down 2% again so no long positions

29 thg 3, 2021

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Note to all: I don't trade US indices, I just use it as an indicator.

When I think the market is going down, I look for stocks to short, and vice versa. Sometimes I get lucky and make money even when I guess market direction incorrectly. It's just a tool to increase my odds.

29 thg 3, 2021

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ES is overbought again

Word of caution to anyone trying to play the Tuesday pump.... probably a pump and dump tomorrow.

30 thg 3, 2021

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Asia up but US futures flat, not sure if it's because bond yields are rising or because ES is overbought.

We'll see in the morning if the Euros decide to pump it