One of my followers warned me yesterday that NQ was overbought, so here's the chart.
Much bigger drop than expected, I'd say the melt up is probably over. This is why I only buy calls when futures are bouncing from oversold conditions.
No predictions other than to say it's a little early to buy calls, if Asians and Euro markets sell of tonight then we get a gap down.
Much bigger drop than expected, I'd say the melt up is probably over. This is why I only buy calls when futures are bouncing from oversold conditions.
No predictions other than to say it's a little early to buy calls, if Asians and Euro markets sell of tonight then we get a gap down.
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