NQ gapped up AH on META (FB) earnings, I don't plan on shorting tomorrow though. Obviously overbought on RSI.
Gonna let things settle and wait for a long entry next week. The market is headed up for a double top (on SPX) anyways, buy index or mutual funds, doesn't matter. You just wind up in the red for a few days if you time it wrong but you'll be fine in a week or less. BTFD.
You can still short if you pick the right stocks or market and have perfect timing, but I think it'll be a tough market to short anything for a couple of months. Will need to fill this gap though if it doesn;t happen overnight
Gonna let things settle and wait for a long entry next week. The market is headed up for a double top (on SPX) anyways, buy index or mutual funds, doesn't matter. You just wind up in the red for a few days if you time it wrong but you'll be fine in a week or less. BTFD.
You can still short if you pick the right stocks or market and have perfect timing, but I think it'll be a tough market to short anything for a couple of months. Will need to fill this gap though if it doesn;t happen overnight
Comment:
Note: NQ daily RSI is touching overbought now. It is quite capable of going higher though, but thought that it;s worth mentioning.