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hungry_hippo
Jun 2, 2023 1:26 PM

ES Update 

E-mini S&P 500 FuturesCME

Description

RSI and MFI pretty much hit overbought for ES, NQ< RTY, and YM. The thing is, today is Ponzi 401k payday Friday so there's a good likelihood that the market melts up all day.

I'm probably exiting in the morning and calling it a week.

Trade closed manually

I'm done, made some money this week. See ya next week.

Comment

Tech looks weak and AAPL looks like it's topped out. I don't think the market melts up today even though it is Friday

Comment

Amazballs, I guess they are gonna melt it up all day after all. Exited too early, but like I always say, never kick yourself when you've made money. Probably a pump and dump Monday, will stay cash over the weekend. Have a nice weekend.

Comment

Pump and dump Monday I guess, might sit Monday out in case it's a melt up

Comment

Probably taking a break next week. Pump and dump will probably be just another dip, I don't think NQ tanks until the Fed meeting.

Looks to me like another 4 day short squeeze anyways, and the only short I've made any real money off of, BUD, is played out.
Comments
mc_speculator
check out spx chart on the daily rsi / mfi... we are almost overbought. been a great indicator, we're almost there.
mc_speculator
agreed. going to pick up some spxu once we hit 4300 and some otm aapl putz
hungry_hippo
@mc_speculator, shitcoin isn't participating in the rally, I think it's toast. just picked up a few BITO puts
mc_speculator
@hungry_hippo, yep. I got out of my long HUT (miner) calls yesterday. it's been tough shorting any of the big miners for more than a few weeks out. MARA and RIOT have so many shorting it they squeeze so hard it's been easier on the call side. I will get long a few thousand HUT shares tho in my roth once that thing gets back around 1 and hodl lol
hungry_hippo
@mc_speculator, shitcoin, lol.
mc_speculator
@hungry_hippo, haha! shouldve joined you on that one
hungry_hippo
@mc_speculator, FYI, I parlayed my BITO puts so all depends on what happens tomorrow, lol. Pretty sure it gaps down, but how much?
mc_speculator
@hungry_hippo, bought starter in spxu today (1k shares) and 20 GDX sept 30s... these tbills should drain liquidity. no pivot, lol. jobs report was hot
mc_speculator
@hungry_hippo, sec sued binance ... finally
hungry_hippo
@mc_speculator, actually a double whammy for crypto because of proposed US regulations. COIN is gonna eat shit, pretty obvious they have to deal with CFTC or SEC, the clarity they asked for is gonna kill them, lol.

cnbc.com/2023/06/02/crypto-bill-from-republicans-to-define-roles-of-sec-cftc.html
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