ES1! Afternoon Update
Updated
ES is still oversold.
At this point, I'm no about to chase the market up, waiting for RTY MFI to get overbought so I can short small caps. Likely to happen later this week...
Crap like BLDP going parabolic. Watch RTY indicators and look at chart patterns if you're going to short. The indicators are just another tool, not gospel. COmbine my indicators with whatever tools you are already using.
At this point, I'm no about to chase the market up, waiting for RTY MFI to get overbought so I can short small caps. Likely to happen later this week...
Crap like BLDP going parabolic. Watch RTY indicators and look at chart patterns if you're going to short. The indicators are just another tool, not gospel. COmbine my indicators with whatever tools you are already using.
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My best guess is that Asians pump and Euros dump, so gap direction is a total crapshoot for tomorrow morning. Not a good day for a gap play.
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ES can;t gain any traction until FAANG stocks reverse. FAANG stocks look very bearish still and NQ (QQQ) still red.I bought some PDD puts, that's about it.
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Bailed on the PDD puts, made beer money. Looks like the algos are finally pumping NQ....We'll see what happens overngight. FAANG stocks still look weak.
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Re-entered into PDD puts and bough NFLX puts before the big EOD drop....Decided to hold the puts since I was up quite a bit, figured worst case I lose some profit.
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Sometime it's better not to overthink stuff, FAANMG stocks were down all day, NFLX is the only one that totally missed on earnings and guidance, so I picked it.
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