Best guess is that we hit the next blue trendline or even the magenta line, with both RSI and MFI headed to oversold. Bought puts in the afternoon, decided to hold overnight.
My only concern is that it tanked so fast it left an intraday gap at 3:46. That gap will need to be filled sooner or later.
Fed meeting tomorrow. I'm hoping for a gap down so I can just flip the puts on open.
My only concern is that it tanked so fast it left an intraday gap at 3:46. That gap will need to be filled sooner or later.
Fed meeting tomorrow. I'm hoping for a gap down so I can just flip the puts on open.
Comment:
Am I the only person who thinks it's hilarious that the algos keep pumping the NAS when it's the one doing all the tanking? You'd think they'd give it a rest....