I SPY a bounce

I think the next bounce happens when the daily RSI goes oversold again, since this pump and dump was done with futures, MFI hasn't scrolled down at all setting up for a positive MFI divergence.

As always, the market never goes straight down, so expect some whipsaw next week and keep your eyes on the futures charts. Seems futures are in complete control over the markets, but I plotted my projection anyways.

I'm maintaining my bearishness for another week, will change to a bullish stance if the market gets oversold. Never get too bullish or bearish in a whipsaw market, just play the indicators.

Note: Even if you're investing in individual stocks, it always helps to bet in the direction of the market. Saw some posts on long positions today, not sure why anyone would go long while the market was in an epic meltdown.

Order cancelled:

Looks like Trump and China want to whipsaw the market some more with delay tactics. Gonna watch indicators for a couple of days, not sure I want to short this rally just yet.

Futures up again on "talks", lol.

Comment:

The market looks like it should be heading up but gaining no traction with no money flowing in. Doesn't look like a good day tp trade, will look at it again later.

Comment:

Indicators are neither oversold or overbought. Chart patterns are bearish, but we all know how they can pump futures overnight.

When in doubt, short garbage (or at least weak sectors). I have UAA and XRT puts, no big positions when uncertain.