Waiting for MFI to hit oversold. Appears to be a melt up as futures selling didn't cause the market to tank.
I might just wait until tomorrow morning to buy calls, gap direction for tomorrow is undetermined unless the market tanks in the afternoon. Probably just whipsaws sideways today. Chart pattern and indicators the same for ES1!.
Flipped some XLF puts for beer money. WOuld have expected financials to be much weaker considering earnings have been crap.
I might just wait until tomorrow morning to buy calls, gap direction for tomorrow is undetermined unless the market tanks in the afternoon. Probably just whipsaws sideways today. Chart pattern and indicators the same for ES1!.
Flipped some XLF puts for beer money. WOuld have expected financials to be much weaker considering earnings have been crap.
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LOL, of course the market tanks AFTER I flip my puts. Like I said earlier, ES and NQ need to hit oversold. Looks like they ran out of buyers even though we're close to oversold.
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Very close to oversold, but gap tomorrow could still go either direction. No long positions until tomorrow...
I suppose you could day trade the bounce, but I suck at day trading.
I suppose you could day trade the bounce, but I suck at day trading.
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Indicators hit oversold, but if there's ever a day where the market gaps down it;s usually Thursday mornings, so waiting for tomorrow to go long