ES Bear Scenario Overlay
MFI is overbought, so I expect a pump and dump Monday or Tuesday. Kinda fits in with what I expect, but the overlay (from the previous drop) implies a X-mas tank. Maybe the annual Xmas rally gets cancelled by COVID, I dunno.
Just an idea at this point. As always pay attention to the indicators. No way I go long when MFI is overbought.
Just an idea at this point. As always pay attention to the indicators. No way I go long when MFI is overbought.
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