S&P 500 E-mini FuturesUpdated ES Update
RSI and MFI bounces as expected, chart pattern looks like a backtest than a rally. I cashed out earlier today, not sure which way the market gaps tomorrow, but I expect MFI to hit overbought so have an exit plan if you do short term trading.
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FYI - I closed out my positions because there is a probability of another leg down.My expectation is that the market is gonna go sideways, probably only trading when things get overbought or oversold.
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My beer money bet is PTON ATM puts 8 cents a piece
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.