ES Pump and Dump
Atualizado
Another week, another pump and dump. Looks to me like it wants to go overbought again, plus tomorrow is Tuesday, usually the biggest pump day out of the week.
No overlays, I think the market whipsaws sideways here for a while.
Mostly cash, small position in USAK puts for earnings. Might go long overnight on FDX or something if the market ends with a bullish finish,
No overlays, I think the market whipsaws sideways here for a while.
Mostly cash, small position in USAK puts for earnings. Might go long overnight on FDX or something if the market ends with a bullish finish,
Comentário
The pump and dump appears to be on.... NQ MFI getting close to overbought though, so maybe a gap up then drop tomorrow.Comentário
I'm not feeling very bullish, when your personal sentiment doesn't match the market, best to stay out...Staying cash, but I do expect the pump and dump tomorrow.
Comentário
Amazeballs, the dollar is still tanking. Way oversold.I'm guessing we get the obligatory 15 - 20 pt gap, I might consider fading the gap tomorrow morning.
Comentário
Well things just got interesting....Hong Kong, SIngapore, and Australia decided to dump instead of pump so futures rolled over. We'll see what the Euros do in the morning. Also, the dollar index is green for the first time in forever.
If the Dow goes red, it's in big trouble because that'll send BA below support....
Comentário
I said it yesterday I wasn't feeling bullish.... probably because the dollar index is so oversold things had to reverse.Comentário
I think that was it for the dip, the dollar index still looks weak and appears to be headed lower....Comentário
ES MFI is still way overbought, indicates more weakness ahead.....
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.