ES Daily Chart - Not Overbought Yet

2 days ago

Looks the ES is not overbought on the daily yet, so believe it or not, there's still room for a Fed pump or a China trade deal pump.

Wow.

I looked because futures are slightly green right now. Probably best not to short anything until after the Fed meeting. Watch out for China trade news Thu night.

2 days ago

Note

Should be a flat open tomorrow because it usually is on Fed day. What out for the 2:30 whipsaw. I've seen it whipsaw and change direction as many as 3 times.

2 days ago

Note

A gap down or weakness in the morning does not indicate there will be a dump after the Fed meeting. I've made that mistake before.

Pretty much have to wait until market picks a direction.

2 days ago

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I'm beginning to think the game plan is to pump the Fed meeting then gap it up on trade news Friday for the pump and dump. Staying cash. Guessing the wrong way on this one will hurt.

2 days ago

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It's kinda amazing. If you want to short anything right now, you have to day trade puts because they keep gapping the market up every day.