NQ UpdateWell, I went to lunch thinking the market wasn't gonna do much more and then it tanked, lol. I don't think it was the algos selling off today, I think it was actual stock selling. NQ MFI barely moved.
Powell keeps crushing the market, so I think the market is toast. Doesn't mean you can make money off of puts every day. Wish I was paying attention though because I definitely would have short bitcoin or GM as I mentioned earlier, lol.
Be careful going long on anything for a while. I really wouldn't hold a long position overnight now.
NQ UpdateNot really tracking any overlay I can find. I expect it to drift sideways then pop, but it could just melt up.
I don't see an opportunity to short until it hits the pink line. The only thing you can do here is daytrade based on expected direction, I flipped some calls today. Probably not trading tomorrow.
FB Swing Here, Ascending Triangle lookin nice!Fb consolidating in this triangle waiting for the breakout and break of resistance 279.09. Break above and hold we can see a move to 290 next week. keep in mind we do have that gap down but bull momentum is strong here
Im in $290 C exp 10/23
NQ Not overbought yetCouple people asked me why I didn't short something if ES and RTY are overbought...
NQ isn't overbought yet... so I'll wait. I don't think the market drops until we see NQ hit overbought.
Not expecting a tank, but I do expect a dip on Thursday (maybe tomorrow?) on profit taking,