NQ Russian Tank Update
Zaktualizowano
All futures gaps fill, but the original COVID gap took months to fill, and I don't expect this one to fill this week unless Putin miraculously gives up.
If anything, MFI is still overbought, so I expect it to cycle down until oversold, and maybe a ceasefire or something to cause a rally next week.
I certainly don't expect Europe to rally tomorrow morning given the jump in fuel prices. It's about time Germany did the right thing, stop selling out Ukraine for cheap natural gas. History will not judge you well, but then again what do you expect out of a country that started and lost 2 world wars?
If anything, MFI is still overbought, so I expect it to cycle down until oversold, and maybe a ceasefire or something to cause a rally next week.
I certainly don't expect Europe to rally tomorrow morning given the jump in fuel prices. It's about time Germany did the right thing, stop selling out Ukraine for cheap natural gas. History will not judge you well, but then again what do you expect out of a country that started and lost 2 world wars?
Komentarz
Russia will more than likely retaliate by stopping oil and natural gas flow to Europe, especially Germany. Why? Because they already threatened to do so and Putin doesn't want to look like a wussy. I'd be wary about going long on the market until that happens. It will happen during off hours because it's Russia. That means another big gap down within a week.
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