Well, I promised you whipsaw and you got it
Not sure where this is headed so I'm giving you guys both scenarios:
- Red if RSI needs to go oversold before a pump
- Green if MFI keeps rising (overlay of this week's bounce)
Made some beer money with GME puts this morning, left the profit in one (lol) put contract for next week. FDAX is oversold so I would lean towards bullish, but I'm not gonna hold any long positions over the weekend. Not worth the heartburn.
Not sure where this is headed so I'm giving you guys both scenarios:
- Red if RSI needs to go oversold before a pump
- Green if MFI keeps rising (overlay of this week's bounce)
Made some beer money with GME puts this morning, left the profit in one (lol) put contract for next week. FDAX is oversold so I would lean towards bullish, but I'm not gonna hold any long positions over the weekend. Not worth the heartburn.
Comment:
Green overlay suggests a backtest of the broken channel, I think that's as high as the index will go.... no melt up
Comment:
CPI release is Feb 10th before market open.
Comment:
Looks to me like a repeat of last Friday, lol. We'll see if Monday is also a repeat.
No guarantees there, indicators are in the middle, but everything is obviously trending up
No guarantees there, indicators are in the middle, but everything is obviously trending up
Comment:
Odd selloff on FDAX futures EOD, even though it's already oversold.
Monday can go either way, I'm only holding an earning s play for Monday afternoon, and I already posted the plot
Monday can go either way, I'm only holding an earning s play for Monday afternoon, and I already posted the plot