MFI dropped into oversold again, market looks super weak.
Stocks haven't hit support yet, and usually I'd pick up some calls when indices are oversold on the 3 hr chart, but I think the safer play is to short China tonight than go long on US. I could be wrong though, it happens, lol.
I expect a pop when NQ goes oversold on the daily. Look for stocks that hit support and go with next week's calls. If you're still shorting the US market, just keep in mind it you're chasing an oversold condition.
Stocks haven't hit support yet, and usually I'd pick up some calls when indices are oversold on the 3 hr chart, but I think the safer play is to short China tonight than go long on US. I could be wrong though, it happens, lol.
I expect a pop when NQ goes oversold on the daily. Look for stocks that hit support and go with next week's calls. If you're still shorting the US market, just keep in mind it you're chasing an oversold condition.
Comment:
Look at crap like PTON, ROKU, etc. Haven't hit support yet, but it should be there by Friday if not tomorrow. Then we get a real bounce.