As I posted last night, I'm bullish long term, but my short term RSI indicator appears to have gone overbought and now cycling down.
The way to play this is to wait until RSI or MFI hit oversold and buy the dip. I don't think I'm buying until Thu morning, CPI and PPI coming out Tue and Thu. BTFD, lol.
Threw some beer money at some puts, just goofing around right now in this whipsaw. I'll have more confidence in trading if teh indicators start cycling.
The way to play this is to wait until RSI or MFI hit oversold and buy the dip. I don't think I'm buying until Thu morning, CPI and PPI coming out Tue and Thu. BTFD, lol.
Threw some beer money at some puts, just goofing around right now in this whipsaw. I'll have more confidence in trading if teh indicators start cycling.
Comment:
Boy it's looking like they turned the pump and dump algos on. Rare to see a red Friday in a bull run