NQ MFI headed to overbought

11 thg 11, 2020

I think this is just a bounce and it heads lower when it gets overbought. Keep an eye on this today. Probably a down day tomorrow since Thursday is usually the weakest day of the week for the market.

If tech goes down, it'll drag on S&P as well.

11 thg 11, 2020

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Note: FDAX is really overbought as well, so a chance it can gap down if it gets overbought today.

11 thg 11, 2020

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Touching overbought with FDAX also overbought. Market appears to be setting up for a pump and dump tomorrow morning.

11 thg 11, 2020

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The plan is to fade the gap if it gaps up tomorrow.

12 thg 11, 2020

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Faded the pump on BYND, done for the day. Made a little money this week.