RTY MFI Overbought
Updated
Yeah, I said overBOUGHT. That means don't BTFD.
Wanted to post this early since I said BTFD earlier this week. I have NO intentions of going long today. Will post ES and NQ updates later since they are not overbought yet.
Also, I was right about playing GM puts for TSLA earnings, looks to be 175% return on open. I didn't play it, lol. Gonna kick myself on this one, I mentioned it twice before close yesterday.
Wanted to post this early since I said BTFD earlier this week. I have NO intentions of going long today. Will post ES and NQ updates later since they are not overbought yet.
Also, I was right about playing GM puts for TSLA earnings, looks to be 175% return on open. I didn't play it, lol. Gonna kick myself on this one, I mentioned it twice before close yesterday.
Trade closed manually
Flipped my BITO puts because I've got stuff to do today. Made literally beer money, lol.Not sure what this market is doing today, wait and see mode.
Note
I'm back. Market whipsawing, a bit surprised it filled the gap, but I think that's stock buying, not a futures pump.Note
MFI went further into overbought and index reversed on the gap fill. I think you can short small caps with next week's puts. ES and NQ are not overbought yet though. Plus I don;t know which way the market will gap tomorrow.Note
Bit surprised small caps went up with tech. Bond yields are down today, I guess.Everything points to a pump and dump tomorrow.
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