Well I flipped my BUD puts on open for decent returns, ES MFI hit oversold yesterday but RSI is hung up in the middle. The question here is do the algos pump on MFI being oversold or do they wait until RSI hits it?
I'm inclined to believe they're gonna pump because the market is stupid, lol.
I'm inclined to believe they're gonna pump because the market is stupid, lol.
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Everything is pointing to a gap down and reversal tomorrow when RSI hits oversold, not gonna buy into the afternoon pump if there is one.
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Not really sure about gap direction tomorrow, bought some BUD puts again earlier when it reversed, just gonna hold that and see if it tanks some more because it's hilarious, lol.
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Unemployment and non-farm employment numbers tomorrow premarket. Guessing they gap the market down and buy back in for the usual Friday pump.
Just holding the BUD puts, see ya tomorrow.
Just holding the BUD puts, see ya tomorrow.
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Looks like another debt deal pump or something, lol. Guess I should have trusted the indicators. Dumped my BUD puts, gonna just watch. Might not update tomorrow unless RSI goes oversold, but right now it looks like the algos are pumping because MFI went oversold.
We'll see which way they gap it on unemployment news tomorrow morning.
My favorite stock PCAR isn;t participating in the pump at all, need to gameplan before I go long. No idea what to go long on when we're basically at the top.
We'll see which way they gap it on unemployment news tomorrow morning.
My favorite stock PCAR isn;t participating in the pump at all, need to gameplan before I go long. No idea what to go long on when we're basically at the top.
Looks to me like MFI is gonna double dip to oversold and RSI needs to get there as well.