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NQ MFI overbought again
NASDAQ 100 E-mini Futures
NQ MFI overbought again
By hungry_hippo
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Updated
Mar 12, 2021
4
Mar 12, 2021
This isn't a good sign, it's already hit my dip target and MFI is overbought again. Yields rising once again.
Looks to me like it might break this next line again. Leaning bearish.
Mar 12, 2021
Comment
Holding the line and algos appear to be buying the dip even though MFI is already high.
Monday can go either way depending on bond yields, flip a coin and pick a direction, lol.
My guess is up (Ponzi Monday/Tuesday) but I'm not willing to bet on it.
Mar 12, 2021
Comment
Remember, intraday pattern does not indicate what futures will do over the weekend. Total crapshoot especially with bond yields rising.
NQ volume is the lowest since Christmas half day... no idea what that means, certainly not bullish.
Chart Patterns
Technical Indicators
NASDAQ 100 CFD
NQ
hungry_hippo
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