ES1 idea using MFI
there are some rising wedges that intersect around 3070. I believe that will be the high of the day, all depending on Powell speech and Trump Chyna news today. I will begin to buy July expiration puts as it gets close to TP
If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open Monday morning with a gap up, most likely to TP of 3012. IF (big IF) this scenario were to happen, I would buy more puts Monday morning for a quick flip as we go toward the oversold zone.
Just an idea of mine, lots of variables. Good luck
~ Toinfinityand...
If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open Monday morning with a gap up, most likely to TP of 3012. IF (big IF) this scenario were to happen, I would buy more puts Monday morning for a quick flip as we go toward the oversold zone.
Just an idea of mine, lots of variables. Good luck
~ Toinfinityand...
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