NQ Update

Yeah it looks like a big drop but my indicators are nowhere close to being oversold which is why I posted earlier to wait until tomorrow if you're a bull.

Playing the intraday bounces will be really tricky and not worth the risk. The market is making 5% moves on a daily basis so don;t use bull market tactics in a bear market. There's definitely a chance of another 3% drop from here before EOD tomorrow.

No long positions for me until RSI gets oversold.

Trade closed manually:

Didn't get the midday weakness I was hoping for so I closed most of my puts except GME puts I bought on open because I bought next week's puts and the spread is a bit big.

The market rarely gaps down 2 days in a row anyways.

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In terms of chart patterns for the stocks I track, I've got tomorrow as actually an up day, while indicators seem to indicate more down side. Could be one of those days where indicators and the market go in opposite directions, I dunno.

Looks like I flipped my puts at the right time in any case.

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BTC held support so I suppose it's an up day tomorrow, lol.

Flipped my GME puts, all cash. I'm bullish for tomorrow despite no indicators. GM calls again,

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Note: This is strictly a chart read with no indicators, so don't be mad if I'm wrong.... but bullish.

Remember I was bearish yesterday with no indicators too, lol.

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I think futures want the gap fill, so there is a chart read behind it. The algos were intending to pump and the algos always make their money.

I'm up over $6k this week and only dumped half the profits into GM calls, so not too worried. Wish I had flipped my COUP puts at support, got too greedy.

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I'm not sure if NQ gets the gap fill but I'm pretty sure ES wants it. I would stay away from tech and buy something unrelated like XLF. i bought some calls on this last dip.

I am only bullish for tomorrow's open, I'll figure it out from there.

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Do not buy tech or retail, catching a falling knife is a bad idea because those companies can tank 30% overnight like SNAP and ANF did.

I think financials rallies for a few days here, maybe transport as well.

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Like I said above, don;t buy garbage stocks. In fact, they look weak and you could buy puts in garbage to offset some of your long positions.

Long on EWZ, GM, and XLF calls and I re-entered GME puts but this week's. Should have done PTON puts again, lol. Big money maker for me this week. I love PTON, might need to buy a bike to repay them.

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Wow, this market is so weak, I bought more puts as protection.

Now I'm hoping for sector rotation out of garbage, lol. PTON again.

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There's a very distinct flight to safety, dividend stocks are going up, MMM is green now. Dow is doing better than the other indices.

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Probably not necessary but I added some more PTON puts as protection, even if tomorrow is an up day I think it hits support by the end of the week.