The last time daily indicators went this oversold on NQ is when the Fed raised rates. The market did bounce up though as you can see with the overlay.
As I stated on the ES chart, futures left an open gap last night and I expect that to fill. Expecting a bounce soon, just not sure when, lol.
I think it's safe to buy ETFs and stocks for the bounce, but be careful with call options. Given the premium, timing will need to be more precise.
As I stated on the ES chart, futures left an open gap last night and I expect that to fill. Expecting a bounce soon, just not sure when, lol.
I think it's safe to buy ETFs and stocks for the bounce, but be careful with call options. Given the premium, timing will need to be more precise.
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