Sorry, too busy daytrading to post, lol.
NQ RSI now overbought so flipped all of my calls. Not sure what's next, my general rule is 4 day short squeeze, probably just staying out until next Tuesday aside from quick day trades.
Unfortunately indicators won't predict news, but MFI went oversold premarket so I figured there was room to chase the huge pump.
NQ RSI now overbought so flipped all of my calls. Not sure what's next, my general rule is 4 day short squeeze, probably just staying out until next Tuesday aside from quick day trades.
Unfortunately indicators won't predict news, but MFI went oversold premarket so I figured there was room to chase the huge pump.
Comment:
FDAX is overbought so I don't recommend holding a long position overnight.
Chart patterns indicate tomorrow will be a gap down and pump back up day. Might just be a dip day, lots of garbage like W and PTON up way too far for one day.
Chart patterns indicate tomorrow will be a gap down and pump back up day. Might just be a dip day, lots of garbage like W and PTON up way too far for one day.
Comment:
RSI is overbought but gonna wait until MFI gets there before shorting anything. Oddly my stoch indicator has been working well lately too, and it also indicates that it is too early to short. Might as well wait until Monday afternoon.
The only thing I'm bearish for tomorrow is crypto, I think that can double bottom tomorrow
The only thing I'm bearish for tomorrow is crypto, I think that can double bottom tomorrow
Comment:
I never hold a long position overnight when FDAX is overbought.
Best guess is still gap down then pump. Could just wind up being a flat opening though
Best guess is still gap down then pump. Could just wind up being a flat opening though
Comment:
BTW, if you're wondering why it's so damn hard to trade lately, look at this chart for the past 6 weeks.... complete whipsaw.
That is why I'm only trading on days where I see a good opportunity. Can't time every pump or dump in a whipsaw market, though you can day trade the intraday trend on some days. Even that doesn't work every day.
MFI hit oversold premarket so today was a good day to day trade on the long side in the morning, that was about it.
That is why I'm only trading on days where I see a good opportunity. Can't time every pump or dump in a whipsaw market, though you can day trade the intraday trend on some days. Even that doesn't work every day.
MFI hit oversold premarket so today was a good day to day trade on the long side in the morning, that was about it.
In any case, nothing good can happen when the market pumps bad news. Gotta love it when the market pumps 5% when data shows we're headed into a recession, lol.