NQ Update

NQ Update

FUtures no longer oversold, shorts covering on the big gap down. Lots of stocks with high short interest are green now.

Russia is waging cyber warfare, so it makes some sense for stocks like FTNT , but I would assume garbage stocks will drop again when the short covering is over.

Back o NQ, indicators are in the middle so it could go either way here. I’m still bearish , who really wants to hold garbage stocks over the weekend?

But at least now you know why I watch futures , I predicted MFI would go oversold, flipped my puts on open because it was oversold. Did not chase the gap. All because of indicators on my futures charts.

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