Bought NQ @11800...

Discussion in 'Index Futures' started by Rickshaw Man, May 12, 2022.

  1. Looking for a short-term bounce into Friday's close. Sell orders at 12500
     
  2. Stop @11600
     
  3. JackMorgan

    JackMorgan

    That was amazing, no more rickshaw, Tesla now
     
  4. 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.

    Screenshot 2022-05-12 092254.jpg
     
  5. JackMorgan

    JackMorgan

    upload_2022-5-12_11-3-19.png
    He Swift
     
  6. Waiting for an announcement to create a squeeze.
     
  7. I can feel the shorts getting ready to cash in. Bet NQ closes green 25 minutes to go.
     
  8. Screenshot 2022-05-12 143550.jpg
     
  9. Crude oil rising in lockstep with stock indexes does not give me a lot of confidence.

    Screenshot 2022-05-13 100007.jpg
     
  10. Pay close attention to the volume on today's big-up day.
     
    #10     May 13, 2022