I keep saying that futures gap underneath needs to be filled, and small caps have the longest way to go to get there. So I bought some IWM puts this morning, and decided to hold it even though it looked like a repeat of yesterday right after lunch. I figured MFI wasn't oversold, and worst case, I just come out even, lol.
Holding the puts overnight, guessing we see a gap down tomorrow. We probably get a bounce when RSI hits oversold. Not gonna go long at this point until the gap below fills.
Algos control the market and the talking heads just attach a reason to it. They're blaming Dimon for his "cockroach" comment, lol. Financials did take the hardest hit though. Wish I had shorted XLF.
I think the gap below fills by next Friday, but I think you want to wait for a bounce before buying puts. If we get the gap down that I expect, I'm flipping my puts on open. We're gonna see some whipsaw tomorrow.
Holding the puts overnight, guessing we see a gap down tomorrow. We probably get a bounce when RSI hits oversold. Not gonna go long at this point until the gap below fills.
Algos control the market and the talking heads just attach a reason to it. They're blaming Dimon for his "cockroach" comment, lol. Financials did take the hardest hit though. Wish I had shorted XLF.
I think the gap below fills by next Friday, but I think you want to wait for a bounce before buying puts. If we get the gap down that I expect, I'm flipping my puts on open. We're gonna see some whipsaw tomorrow.
Note
Yo yo, hit the play button on this one. Did exactly what I predicted.Note
I hope this makes all of you believers in the 3 hr chart.Updated posted. Probably a bounce, but a big bounce is not guaranteed.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.