NQ MFI Overbought

31 Jan 2022

Tracking my overlay and now it's overbought. ES chart is similar.

I would not chase this rally any further today. Woke up late so it's too late for me anyways, lol.

31 Jan 2022

Komen

I think we'll get a good gauge on the strength of the market by what it does this afternoon.

31 Jan 2022

Komen

Overlays aside, these short squeezes tend to last 3 days, so will be looking to short something tomorrow. Appears that the market is able to hold the gains today. Everything is so pumped up, I don;t expect much to happen the rest of the day

31 Jan 2022

Komen

Looks like RSI might go overbought before we see a dip. Market melting up and I don't chase melt ups. Once the market is overbought it can drop at any time.

31 Jan 2022

Komen

Pump and dump success for the algos, they're slowly selling futures off. We may see another pump and reversal tomorrow as they try to maximize profits.

31 Jan 2022

Komen

Looks to me like they're gonna go for one more pump before the big dump either tomorrow afternoon or Wed. No new [positions unless the market decides to dump this afternoon