ES RSI and MFI oversold as is RTY and NQ. Flipping my puts on open.
Probably a pop here, I don;t expect a rally, but will be watching the inidcators for the next opportunity to short.
Probably a pop here, I don;t expect a rally, but will be watching the inidcators for the next opportunity to short.
Comment:
Market bouncing up now that he Euro market has closed. I think the tank is done for the day, expecting a bounce.
SPX rarely gaps down 2 days in a row and when it does it almost always fills that second gap, so I'm bullish at least until this short term oversold condition goes away
SPX rarely gaps down 2 days in a row and when it does it almost always fills that second gap, so I'm bullish at least until this short term oversold condition goes away
Comment:
LOL, I didn;t see that coming considering futures are already oversold. I still don;t see the market gapping down tomorrow.
Snagged a few calls but I might dump them EOD if we don;t see a kick up
Snagged a few calls but I might dump them EOD if we don;t see a kick up
Comment:
Just keep in mind the daily chart still looks bearish, only expecting a one day bounce and probably a whipsaw Friday
Comment:
There ya go, expecting SPX to fill the gap tomorrow
Trade closed manually:
ES no longer oversold because of the pump
Looking weak here, closed out my long positions here, made beer money.... literally, lol
No idea which way it goes tomorrow but I do not expect an open down gap so no point in buying puts yet
Looking weak here, closed out my long positions here, made beer money.... literally, lol
No idea which way it goes tomorrow but I do not expect an open down gap so no point in buying puts yet
Got more than 50% on PDD as well, probably done for the week. Just taking pot shots at the market lately, no big positions or long term stuff.