NQ MFI Update

7 thg 1, 2022

MFI rapidly approaching overbought. Don't chase the morning rally (if it does rally)

Definitely don;t want to hold long positions over the weekend no matter what the market does today

7 thg 1, 2022

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I think NDX goes green for an hour or two then drops, reverse of yesterday

7 thg 1, 2022

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Not even an hour, lol. I told y'all not to chase the rally

7 thg 1, 2022

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Not sure if the market tanks or just goes sideways for the rest of the day like it did yesterday.

All I know is if people realize the "flight to quality" trade is dead, then it's all over. AAPL is still flat right now, if it drops then we're looking at another 1% drop on NDX/NQ

7 thg 1, 2022

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Drop happened as predicted, flipped my puts, might be safe to go long now since it's bouncing off support and RSI hit oversold... again.

This could be a meltdown so not going long over the weekend. Market seems very news driven over the Fed. Interst rate is "real" news, rates impact the market.