YES,Volume, RSI, MFI and a little of MACD(5,13,6), However you have to match your Stop loss and target price With the VIX and ATR. As you surely know, when VIX is higher you have to risk more and target more. The other strategy which I am not using but I heard some poeple do is to scaling the position sizes in this type of setups. Meaning to divide your position size into smaller sizes and go short with these small sizes if the price goes up or down. ( with a very serious dollar amount stop loss in your mind ). Lets say for example 1 contract here at 1140 and one in 1150 with total $1000 stop loss and targeting 1120 if goes up, or 1 here and 1 @ 1132 with the same target and stop...
As far as consistent profit, You can put RSI and MFI on your daily @ES chart and evaluate the overbought , oversold lines and justify what I am talking about. perhaps nothing works forever....
anyone? bueller? on Mon: SMH (semi) and XLE were weaker than XLF and SPY - does it mean anything to anybody?
So guide him to the right cupboard ... pal. Break Futures are down nicely. Hopefully, we will accelerate going down.
Nah, within a few minutes after the opening they will push it higher, the bulls want new highs for the year and I think they will push it in that direction until satisfied.
Back in the green on the dow.. What looked to be an early morning decline has led to a small rise to the upside as usual.
The correct way to state that was "Makes no difference what it's down pre-market. Market will be up when it opens." It's up.