MFI hasn't quite hit oversold, but it looks like it's melting up out of the pennant. Went long on Dec 26 GLD calls, going for a longer term strategy this time, so I'm not just cycling when MFI goes oversold on the 3 hr.
With longer term calls, it's not a big deal if it does dip.
With longer term calls, it's not a big deal if it does dip.
Note
Keep in mind that gold trades tomorrow because the holiday is only for the US, which is why I got in before MFI hit oversold.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.