NYMO points to 2-3 day Cool-off: (1) I use NYMO--the McClellan Oscillator to gauge the overbought & oversold situation; (2) as of Friday's close, $NYMO registered a monster number of 68.86, and way over the BB line. (3) last time this high was after Covid Selloff 2 years ago.
How many of you shorted at 4466 Friday? (1) I did; bought some UVXY at the close & expect a gap-down Monday to erase the 55 points in 2-3 hours. (2) listed reasons why I shorted on chart; (3) this is a VST play, as the market will move sideways for 2-3 day, then hit >4500.