NQ Update
Sorry guys, I was busy messing around with WK... broke even for the day despite carrying puts overngiht.
I probably should have mentioned that when NQ crosses one blue line, it tends to hit the next one down. I thought it would bounce for a day or two first, but RSI did a double dip into oversold (stating the obvious, lol). That is why I wasn't terribly bullish yesterday/
Indicators only work when the pump and dump algos are running, and the Euros are not pumping. FDAX MFI is way oversold now, but it looks like they're waiting until RSI gets oversold. Meanwhile US indices did a double dip with positive MFI divergence.
So indicators are bullish, but damn the chart pattern is very bearish. All cash right now.
I probably should have mentioned that when NQ crosses one blue line, it tends to hit the next one down. I thought it would bounce for a day or two first, but RSI did a double dip into oversold (stating the obvious, lol). That is why I wasn't terribly bullish yesterday/
Indicators only work when the pump and dump algos are running, and the Euros are not pumping. FDAX MFI is way oversold now, but it looks like they're waiting until RSI gets oversold. Meanwhile US indices did a double dip with positive MFI divergence.
So indicators are bullish, but damn the chart pattern is very bearish. All cash right now.
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