RSI touched oversold, which is my cue to flip the puts. Lots of garbage stocks tanked today and hit support like SNAP and FSLY. No calls yet because I'm expecting a gap down tomorrow because FDAX reversed.
My GUESS is that we get an EOD bounce, gap down and head up tomorrow. Reverse of today.
In other words, don't chase the drop, or cash out on open tomorrow if you do.
My GUESS is that we get an EOD bounce, gap down and head up tomorrow. Reverse of today.
In other words, don't chase the drop, or cash out on open tomorrow if you do.
Comment:
Almost looks like we're doing alternating up/down days again. Probably a gap down tomorrow though so might as well wait and swing a day trade going long on garbage, lol
Also, I promised everyone whipsaw this week, and I delivered! (lol)