Looks to me like the daily is headed to oversold. Elections next week.
I was right to be bullish yesterday and skittish on open today (dumped everything a few minutes after open)
Powell will probably tank the market next week because the morons are pumping oil futures again. Every time oil goes up Powell tanks the market. You'd think these idiots would get it by now.
I was right to be bullish yesterday and skittish on open today (dumped everything a few minutes after open)
Powell will probably tank the market next week because the morons are pumping oil futures again. Every time oil goes up Powell tanks the market. You'd think these idiots would get it by now.
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It's only a matter of time before Powell tanks the market because of oil futures. He'll say something next week for sure.
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Market whipsawing, the game plan is to short tech when NQ MFI gets overbought next week.
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Yields rising. You should have TLT on your watch list just for reference.
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My guess is another gap up and tank Monday, but it's only a guess. Could just be a flat out tank if FDAX goes overbought and rolls over before open.
I see no compelling reason to hold a long position over the weekend. Not sure what to say if you got greedy and didn't dump this morning. I posted that I flipped on open....
I see no compelling reason to hold a long position over the weekend. Not sure what to say if you got greedy and didn't dump this morning. I posted that I flipped on open....
Possibility that we get a repeat of this on Monday, watch MFI and short Monday if MFI goes overbought. Pretty sure election day will be a red day with possible follow through on Wed depending on outcome.