NQ MFI Overbought

If you're going to play the bounce, I would stay away from tech.

NQ MFI hit overbought, RSI still has room for downside.

Kommentera:

I guess I should have bought some index puts after I flipped my GM puts, but it's really not my thing to chase after an oversold condition.

Was right on NQ though, MFI being overbought and all....

Kommentera:

If you're playing the bounce, always wait for EUro markets to close. Their daylight saving time ended over the weekend, so there's an hour difference this week.

Looks to me like there's liquidity issues again, I think I'm just going to fade the gap tomorrow, whichever way it gaps. Indicators don;t work well in an all out tank.