Euros pumped futures last night, MFI and RSI overbought.
I assume it's gonna whipsaw and form a bear trap doji. Maybe 2 dojis in a row or sideways action Monday, then more pumptardedness next week.
Why? Because Euro stocks are busting out to new ATH. That is how we go parabolic.
No big short positions until end of next week at the earliest, but probably Feb...
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Watch out for a bear trap today!
Even if the market goes down Monday, it's not going to be a big enough drop to make it worth the risk... note how I got the arrow pointing sideways, not down.
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All cash until I see some sort of indication. No position over the weekend.
Looks like I wait until next week to do anything which sorta sucks because I'm down a bit for the week since I lost money Monday. Carried puts last weekend which was a mistake, so staying cash this time.
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Forgot, I have CADE puts. Might buy some RH puts if it finishes where it's at. Got the gap fill and looks weak.
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If I had to guess, I'd guess down on Monday, but remember I was wrong last Friday.
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Indicators are scrolling down from overbought conditions but AAPL was pretty pumptarded in the afternoon.
Still waiting for a signal, but he market keeps melting up without me, lol.