NASDAQ 100 E-mini FuturesUpdated NQ Update
MFI is still overbought and it has the same chart formation as the previous top.
We might see more than just a dip Monday. I also posted FDAX chart, high probability of a gap down Monday anyways. We'll see. I don't expect the market to come crashing down like the bears, just playing the indicators.
I think the market just whipsaws sideways all year, lol. Repeated pump and dumps. Just watch the indicators and trade when they tell you something.
As for the trade, I might add some more puts EOD, just expecting it to whipsaw this afternoon.
We might see more than just a dip Monday. I also posted FDAX chart, high probability of a gap down Monday anyways. We'll see. I don't expect the market to come crashing down like the bears, just playing the indicators.
I think the market just whipsaws sideways all year, lol. Repeated pump and dumps. Just watch the indicators and trade when they tell you something.
As for the trade, I might add some more puts EOD, just expecting it to whipsaw this afternoon.
Note
High probability of earnings whipsaw next week:- NFLX Tues pm
- TSLA & IBM Wed pm
- Financials all week
Note
The market tends to go up on Friday afternoons because of 401k plans, gonna wit until EOD to buy more putsNote
Gonna go light on the puts, that got more bullish than I expected. Still overbought though.Thinking we're only gonna get a dip Monday
Trade closed manually
Wound up being even between shorting retail (lost money) and tech (made money), decided to flip everything and just watch. No idea what this market is doing.Looks like a really weird melt up, MFI is dropping.
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