Finally figured out why the market is getting so pumptarded, the weekly MFI hit oversold, lol.
I was looking at the weekly for a different reason, but that explains things. Weekly MFI getting oversold is a rare event, just look at the chart.
The big question now is if weekly RSI needs to go oversold before we get the big bounce. Will post a zoomed in chart in a couple of minutes, but I wanted to post this first. ES and RTY look similar.
I was looking at the weekly for a different reason, but that explains things. Weekly MFI getting oversold is a rare event, just look at the chart.
The big question now is if weekly RSI needs to go oversold before we get the big bounce. Will post a zoomed in chart in a couple of minutes, but I wanted to post this first. ES and RTY look similar.
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