Last week's gap filled and there's an open gap below because of yesterday's gap up.
ES also filled the gap, but RTY still has an open gap above.
Futures now selling off premarket, looking bearish. Not sure I want to short the market just yet, might just sit out.
A melt up is a possibility since it hasn't happened in a while and we're due, but definitely not gonna chase this with both indicators overbought. MFI is stupid overbought.
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I don't see a good gap fade play either, AAPL up $0.86 and GM $0.28 premarket. XLF is probably the only thing I see that might be worthwhile.
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Starting to look like a pump and dump
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MArket is overbought but they're still buying futures. Gonna wait until Wed, follow my 4 day short squeeze rule, then short something.
Looks like a garbage stock and crypto short squeeze
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Oh, and I dumped my AMC stock. Made a little money, good enough.
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You know it's a short squeeze when garbage like SNAP, NFLX, and AFRM go up more than GOOGL, AAPL, and MSFT.
if you know it is a pump/dump, why don't you short at the triple top? You seem to have a lot more patience... I bet the farm at 12180 lol
hungry_hippo
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@CS-Seattle, it takes me a day or two to go from bullish to bearish, lol. Just taking it easy this week.
Remember I was super bullish Wed morning/Thu/Fri. I made decent money last week. I am lightly short Shitcoin though with next week's puts. If this is a bear flag and it has another leg down, the payback will be huge.
hungry_hippo
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@CS-Seattle, this is why, lol. Lots a few hundred because I didn't close my position yesterday. Turns out yesterday afternoon was just a headfake to fill the gap on NQ1!
Market is gonna go full pumptarded after the next dip.
You seem to have a lot more patience... I bet the farm at 12180 lol