ES Update THanksgiving weekend

MFI and RSI are no longer overbought, and chart patterns are also inconclusive.

Best bet is to just let Fri and Monday play out and short on Tuesday if the market gets pumptarded or buy the dip if it crashes.

One thing I learned this week is that fundamentals and valuation have absolutely no bearing on the market. It's all momentum and futures pump and dump.

World markets tend to dump on Thu and pump on Friday, so probably opens flat Friday anyways.

Kommentera:

The market usually doesn't move much on Turkey Friday, and Monday will act like a Friday because 401k and pension money won't get processed until Monday. So Monday winds up being Ponzi 401k day.

I think I'm gonna wait until Tuesdya then find something to short