Discussion in 'Index Futures' started by Rickshaw Man, May 12, 2022.
Looking for a short-term bounce into Friday's close. Sell orders at 12500
That was amazing, no more rickshaw, Tesla now
NQ Daily and Weekly 14-day RSI under 30 signals short-term oversold. We are there. When daily weekly and monthly are under 30, that will mark an extreme oversold. Expect some serious short-covering rally.
During downtrends, Thursdays are good days to watch for turning points, especially if Monday Tuesday and Wednesday have been down days. Hope this helps newer traders.
Waiting for an announcement to create a squeeze.
I can feel the shorts getting ready to cash in. Bet NQ closes green 25 minutes to go.
Crude oil rising in lockstep with stock indexes does not give me a lot of confidence.
Pay close attention to the volume on today's big-up day.
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