ES MFI overbought

29 Mar 2021

ES and YM MFI overbought, sorry for the late post, woke up a bit late

Note: RTY is scrolling down from overbought but NQ has not gone overbought yet....

29 Mar 2021

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No longer overbought.

I get this weird feeling that the market is going to gap up tomorrow so that the algos can make money on their pump and dump.

Small caps look terrible, down 2% again so no long positions

29 Mar 2021

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Note to all: I don't trade US indices, I just use it as an indicator.

When I think the market is going down, I look for stocks to short, and vice versa. Sometimes I get lucky and make money even when I guess market direction incorrectly. It's just a tool to increase my odds.

29 Mar 2021

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ES is overbought again

Word of caution to anyone trying to play the Tuesday pump.... probably a pump and dump tomorrow.

30 Mar 2021

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Asia up but US futures flat, not sure if it's because bond yields are rising or because ES is overbought.

We'll see in the morning if the Euros decide to pump it