Get started
S&P 500 E-mini Futures

ES MFI overbought

By hungry_hippo
Updated
ES is overbought but NQ is oversold...
Comment
MFI went further into overbought. Stimulus pump is amazing.
Comment
Would not be surprised if we wing up with a big drop and recovery this afternoon or tomorrow afternoon just to get MFI down out of overbought territory.

Beginning to think we have to wait until the stimulus until we see real selling action
Comment
A melt up is the hardest thing to trade.... you never know when it's going to collapse and leave you holding the bag. Could be next week, could be tomorrow.
Comment
Well, at least some of teh algos are still paying attention to indicators.

Really not sure if the market will go down even though overbought
Chart PatternsESTechnical IndicatorsSPX (S&P 500 Index)
hungry_hippo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.