MFI oversold on my 3hr chart, and it appears it more or less hit the bottom channel line.
None of the other indices have touched oversold, so not entirely sure what happens today. Maybe a whipsaw then a pre-Fed pump tomorrow?
Probably not doing any real trades until after the Fed, though I have some small positions in speculative crap. Indicators are setting up for a Fed pump, so probably not gonna short the market. Like I keep saying, I have very little faith in Powell.
None of the other indices have touched oversold, so not entirely sure what happens today. Maybe a whipsaw then a pre-Fed pump tomorrow?
Probably not doing any real trades until after the Fed, though I have some small positions in speculative crap. Indicators are setting up for a Fed pump, so probably not gonna short the market. Like I keep saying, I have very little faith in Powell.
Comment:
Just thinking.... we might get the opposite of yesterday where it gaps fills down (instead of up) then goes up instead of down.
Comment:
I was sorta right premarket, some morning weakness then up. A lot of stocks did fill the gap or even go red.
Anyways, SNAP tanked again on earnings, lol. Looked at options in the morning and premiums were too high. No much money to be made even with 14% AH drop.
META is only down $2 this time, no futures plunge, just a dip
Anyways, SNAP tanked again on earnings, lol. Looked at options in the morning and premiums were too high. No much money to be made even with 14% AH drop.
META is only down $2 this time, no futures plunge, just a dip