Just a reminder, NQ daily and weekly indicators are overbought. 3 hr chart shows MFI declining, and probably goes oversold, so we probably get one more pump before the reversal.
Daily and weekly indicators can take a few days or even a couple of weeks to play out, the drop may not happen until the Fed meeting next week.
All the same, I'm not feeling very bullish and as I always say, when your personal sentiment doesn't match the market, it's best to just stay out. Made a decent return on my beer money bet this week shorting shitcoin, I might just go spend it at a bar tonight and take tomorrow off.... will decide soon.
Should've gone long when i noticed RTY MFI went oversold.... oh well. Looks like a slow melt up now, and I don;t recommend playing a melt up with options.
Daily and weekly indicators can take a few days or even a couple of weeks to play out, the drop may not happen until the Fed meeting next week.
All the same, I'm not feeling very bullish and as I always say, when your personal sentiment doesn't match the market, it's best to just stay out. Made a decent return on my beer money bet this week shorting shitcoin, I might just go spend it at a bar tonight and take tomorrow off.... will decide soon.
Should've gone long when i noticed RTY MFI went oversold.... oh well. Looks like a slow melt up now, and I don;t recommend playing a melt up with options.