ES Update THanksgiving weekend
Updated
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.
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.
Comment
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
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.