ES UpdateWell, apparently you can't just rely on daily indicators and an open gap. All I did was lose money on premium burn with the calls I bought last week, but I added next week's XLF calls when the market opened and XLF went red for some stupid reason.
Wound up dumping everything near the daily peak when I regained lost profits, so at least I'm even now, lol. What I realized is that you gotta pay attention to the 3 hr indicators even at the bottom. You can see how it sold off Monday afternoon/night because RSI and MFI hit overbought, and we got the Powell pump because MFI hit oversold premarket today,
I don't have time to pay attention to the market all day because I have a job now, lol, so you guys will have to track MFI and RSI on your own. 3 hr chart, standard settings for RSI and MFI and make sure your time zone aligns with US east coast (NY), or else the 3 hr charts will look different.
There's also a small gap up aftermarket today that also needs to be filled. Probably more whipsaw, lol. At this point, I'm only trading if I see indicators go oversold or overbought. WIll post plots pre-market if I have time. Good luck.