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⋅ MFI way overbought now
ECB and Fed minutes today. WOuldn;t buy into it with MFI overbought.
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⋅ I'll wait until Fed minutes are released...
Probably hits the purple line then a dip
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⋅ Interesting how everything looked bullish until Euro markets closed.
Looks bearish now but watch out for the Fed minutes at 2pm, probably a big whipsaw, lol.
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⋅ Just a whipsaw day with more whipsaw coming later
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⋅ The fact that SPX and NDX are still green leads me to believe that they're gonna pump the Fed minutes.
Recommend waiting it out, another hour....
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⋅ Minutes will probably indicate .5% hike and the market will take taht as good news, lol
Lowering the amount of the hike isn't the same thing as a pivot, lol, but the market is stupid.
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⋅ If the market does tank, play it with next week's puts because Friday is a half day
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⋅ LOL, even garbage stocks like W went green in anticipation of a Fed pump.
Probably another 4 day short squeeze coming which means wait until Wed. If it tanks instead today, short at will.
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⋅ LOLOLOL, I was right, the market is stupid.
RSI hit overbought BTW. Staying out of this stupid market.
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⋅ High possibility of 4 day short ssqueeze, algos still pumping futures.
Will wait until next Tuesday or Wed then start trading again.