ES, RTY, and NQ indicator's aren't lining up very well, NQ is almost overbought on RSI while ES is oversold on MFI.
Just really weird whipsaw trading with indicators going all over the place. Stocks going from bullish to bearish to bullish all in one day, lol.
All cash, bearish about PPI numbers. Gonna stay cash though and not play the news. Might buy the dip if the market gaps down, will decide in the morning. I would have been more inclined to buy the gap if it had finished at the bottom today. Tough market to trade.
Just really weird whipsaw trading with indicators going all over the place. Stocks going from bullish to bearish to bullish all in one day, lol.
All cash, bearish about PPI numbers. Gonna stay cash though and not play the news. Might buy the dip if the market gaps down, will decide in the morning. I would have been more inclined to buy the gap if it had finished at the bottom today. Tough market to trade.
Even when I'm right, the market is whipsawing so fast I think I'm trapping my followers. It's a bad idea to post day trades because people don't read every post real time, even reading a post 30 minutes late can kill your trade.
I'm bearish for the open tomorrow because of PPI, not sure about anything after that. We really need all of the indicators to go overbought or oversold AT THE SAME TIME, lol.