MFI went oversold this morning, and you can see RTY is coiling.
CPI release tomorrow morning before market open, the market tanked before the last release, so if it doesn't tank before EOD it's a bullish sign.
Normally I would say this is a continuation pattern, but the algos need to fill he open gap. If it breaks upwards then the target is the resistance zone, upper orange line. Plan accordingly.
If you're short, you'll want to bail tomorrow if the market goes green at all. I'm all cash, even garbage will float on a rising tide. Wouldn;t surprise me at all if they pump even shitcoin.
CPI release tomorrow morning before market open, the market tanked before the last release, so if it doesn't tank before EOD it's a bullish sign.
Normally I would say this is a continuation pattern, but the algos need to fill he open gap. If it breaks upwards then the target is the resistance zone, upper orange line. Plan accordingly.
If you're short, you'll want to bail tomorrow if the market goes green at all. I'm all cash, even garbage will float on a rising tide. Wouldn;t surprise me at all if they pump even shitcoin.
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NOTE: If it tanks tomorrow then the target is the bottom orange line.
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No tank yet.... if the market holds EOD then I'm gonna do a small long position, if I don't carry a position I won't wake up, lol.
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Not gonna short this time because everyone is anticipating a high number, expect futures to whipsaw hard premarket tomorrow
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My guess is that CPI will be higher than May but core inflation will be slightly lower and the market rallies on that, lol.
Bought some calls, will decide to add or bail EOD.
Bought some calls, will decide to add or bail EOD.
Trade closed: stop reached:
LOL, should've waited until EOD as planned. Looks bearish, staying cash at this point.
Still have this weird feeling that it;s a bear trap
Still have this weird feeling that it;s a bear trap