Korean pumptardedness
Updated
EWY posted the same pattern as it did before the last 2 big drops. Entered into some puts today for next week.
There's still room for it to go hit resistance and ATH, the 2 lines I've drawn. If it goes up from here, look for a similar pattern before shorting.
I'm bearish for Monday, but who knows, they can do another vaccine pump, 3 weeks in a row, lol.
Note, if it tanks on Monday, wait until Tuesday to short, it usually does a 2 step drop with an up day in teh middle.
There's still room for it to go hit resistance and ATH, the 2 lines I've drawn. If it goes up from here, look for a similar pattern before shorting.
I'm bearish for Monday, but who knows, they can do another vaccine pump, 3 weeks in a row, lol.
Note, if it tanks on Monday, wait until Tuesday to short, it usually does a 2 step drop with an up day in teh middle.
Note
It also looks like the currency has topped out....I usually short EWY on Wed afternoon, seems like it likes to drop on Thursdays. I shorted it this week, and KOSPI didn't move but the currency dropped, for a 66% overnight gain on puts.
Note
They pumped it hard.... 2%. Buying next week's puts this week. If KOSPI rolls over tonight, I'll buy tomorrow. If not waiting until Wed, because Korea always drops Wed night.Order cancelled
Waiting until Wed, ES and RTY MFI went oversold so the market is going to rally. I guess the third time is the charm.Trade closed manually
Bought puts yesterday and closed it out.... keep in mind Korea trades tomorrow, so do next weeks puts if you're staying in the game.I think it drops tonight but bounces up Friday because that's how the pattern works
Order cancelled
DOllar broke support, looks like EWY is going parabolic, lol. Gonna be hard to short if the currency trade is going the wrong way.
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