Looks like ES MFI went overbought on the gap fill attempt, lol. Idiots.
Gonna be a long ways down before it goes oversold. Short at will I guess, next week's puts if you want to be safe. Looks to me like it'll break support unless Putin miraculously decides to end the invasion, chanes are less than 1%, lol.
Gonna be a long ways down before it goes oversold. Short at will I guess, next week's puts if you want to be safe. Looks to me like it'll break support unless Putin miraculously decides to end the invasion, chanes are less than 1%, lol.
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I do not recommend buying the dip today, lol
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Not sure how it's gonna play out, but I maintain bearishness until MFI goes oversold. Monthly puts expire next week, so there's opportunity to short stuff you normally wouldn't.
SPX rarely gaps down 2 days in a row, so not expecting a big gap tomorrow, the algos probably manage to figure out a way to open flat. Next week's puts and ride it out, pick a crap stock of your choice, lol. I can't match my call from yesterday, CHWY dropped 9% today at the low. That's hard to beat.
SPX rarely gaps down 2 days in a row, so not expecting a big gap tomorrow, the algos probably manage to figure out a way to open flat. Next week's puts and ride it out, pick a crap stock of your choice, lol. I can't match my call from yesterday, CHWY dropped 9% today at the low. That's hard to beat.
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Not doing any overnight plays because I'm expecting a flat open or maybe a gap up so the algos can make their money. They can't be happy about the gap down, they need to gap it up to make money off all the crap they bought yesterday.
Garbage stocks are all down so much, I'm not chasing that either.
My biggest problem right now is that I'm looking at stocks that almost always fill gaps, and there's a gap in both directions. Could go either way tomorrow, but I expect down next week.
Garbage stocks are all down so much, I'm not chasing that either.
My biggest problem right now is that I'm looking at stocks that almost always fill gaps, and there's a gap in both directions. Could go either way tomorrow, but I expect down next week.
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Algos appear to still be buying, and they need a gap up to dump.
Staying mostly cash for now. Looks to me like the market wants a gap fill tomorrow.
Gonna wait for them to pump garbage again
Staying mostly cash for now. Looks to me like the market wants a gap fill tomorrow.
Gonna wait for them to pump garbage again
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Algos still buying, no idea why.
They usually know when the Euros are gonna pump so I expect a green day tomorrow. Staying out.
They usually know when the Euros are gonna pump so I expect a green day tomorrow. Staying out.