You can see in the chart that during the initial Feb/March drop that the algos were still running, and we'd see at least a small bounce when MFI/RSI got oversold, however you can see that they shut the algos down yesterday, MFI totally flatlined for 2 days which is something that did not happen on the initial drop.
So basically, there's no point for me to plot 3 hr charts until they turn the algos back on. I will post when that happens.
Made a bunch of mistakes this week, but managed to break even daytrading XLF puts twice today. XLF was lagging the market a bit which made it easier to trade.
So basically, there's no point for me to plot 3 hr charts until they turn the algos back on. I will post when that happens.
Made a bunch of mistakes this week, but managed to break even daytrading XLF puts twice today. XLF was lagging the market a bit which made it easier to trade.
Note
The market is breaking a lot of rules, cryptos went down this morning and it's usually understood that there's no selling on weekends due to the lack of liquidity. I guess hedge funds don't believe in crypto rules...Crypto market makers trying to pump it back up knowing it's gonna drop SUnday night, lol.
Note
Looks like I was right, RSI and MFI flatlined at the bottom.No idea when they will give it a bounce. It will bounce, but at the same time I do not think the bottom has been reached yet.
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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.