I expected the algos to pump small caps today because it's at the bottom of the channel that it's been in since April. Went long on ALB after open but bailed on it when the market rolled over before lunch. Made money though, but chart looked to much like yesterday and teh day before to stay in it.
The problem is that MFI went up a lot but the index didn't go up much. So MFI will hit overbought Monday, possibly even before open.
I'm also bearish on Europe for next week.
The problem is that MFI went up a lot but the index didn't go up much. So MFI will hit overbought Monday, possibly even before open.
I'm also bearish on Europe for next week.
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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.