NQ Update 11/16
indicators are in the middle, but it looks like a slow drift up and the Asians really like to pump on Monday nights, so be careful about shorting anything overnight...
Small caps (RTY) still overbought, so we could see another sector rotation into NQ to make it go overbought....
Small caps (RTY) still overbought, so we could see another sector rotation into NQ to make it go overbought....
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NQ looks oddly weak for a Monday afternoon. How hilarious would it be if the NASDAQ tanked because the pandemic ended? That would be the dumbest thing ever.
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I think the Asians pump and Euros dump overnight, so no idea which way the market gaps tomorrow.
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ES, RTY, and YM all have a gap underneath, so they could all dump the Sunday pump. NQ already filled the gap....
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ES filled the gap but RTY and YM have not...