MFI went overbought, that's my cue to bail. RTY is the only index still cycling.
ES and NQ are also overbought, but not sure when the melt up will end. Could be today, could be July, lol
ES and NQ are also overbought, but not sure when the melt up will end. Could be today, could be July, lol
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Really odd that small cap indicators work better than all of the other ones when it's usually the least reliable, lol. (I rarely look at the Dow though because it's only 30 stocks)Snagged a few puts but only with today's profits from the gap, waiting until Monday to do any real trading.
Despite leaning the wrong way on the Fed meeting, i managed to make $3k this week, so I'm done.
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Tuesday, lol. Monday is a holiday.Not ready to say the bull run is over, but if it finishes red on a Friday that's very bearish.
We'll have to keep an eye on RTY, it seems to be the best indicator right now, as I said earlier that's really odd. Usually the worst one to track, aside from YM (Dow) which is straight garbage since it only has 30 stocks.
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Slow melt up because it's a Friday, 401k plans buying. I flipped my puts, I'll see you guys TuesdayNote
Can't help myself, lol, snagged a few puts for Tuesday, might add EODNote
Shitcoin and TSLA look bullish, I think everything else is fair game to short, even AAPL. It may only be a dip Tuesday though....I'm not really sure what the best play is....
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If you want a cheap play just to play with options, FCEL ATM puts are only 11 centsNote
Since someone asked, my stoch settings are 10, 5, 7 on the 3 hr(bottom graph)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.