NQ Daily Oversold

Hadapan NASDAQ 100 E-MINI (CME_MINI:NQ1!)

Telah dikemas kini

CME_MINI:NQ1! Hadapan NASDAQ 100 E-MINI

Unbelievable, NQ daily MFI is oversold. That implies we're going parabolic, probably on the Powell pump next week.

Small caps and meme stocks really weak though. Got that sector rotation I predicted.

Komen:

Note: This market makes absolutely no sense to me, lol. I think it's time for another break while the market melts up and hits overbought.

If they pump NQ until daily MFI gets overbought, AAPL probably hits $300, not $200, lol. Market dumping garbage and pumping a few select stocks. I'd be bearish as hell on AAPL if NQ wasn't oversold.

Komen:

The one thing I've noticed about the algos, especially the Asians is that there is an ongoing assumption that the market will continue to make new highs, if that assumption fails then the algos are toast.

In other words, I'm saying that the market can continue to go down even if daily MFI hits oversold, but it's only happened twice in the past decade.... COVID and the EOY 2018 rate hikes. We'll see what happens here.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.