ES Update
Updated
CRazy... way overbought and looks like a melt up.
Got stopped out of my puts for even money, but I made plenty on the CPI pump so I'm done for the week. Not gonna short anything on Ponzi Friday.
I'm not into chasing an overbought market, see ya guys Monday.
Got stopped out of my puts for even money, but I made plenty on the CPI pump so I'm done for the week. Not gonna short anything on Ponzi Friday.
I'm not into chasing an overbought market, see ya guys Monday.
Note
Euro CPI tomorrow, not much in the news next week. PCE doesn't come out until May 31st.Might be a good time for an extended break, this market is too difficult to short. Easier to just be patient and go long when MFI goes oversold like I did this week.
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