RTY MFI Overbought

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.

Trade fermée manuellement:

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.

Commentaire:

I'm back. Market whipsawing, a bit surprised it filled the gap, but I think that's stock buying, not a futures pump.

Commentaire:

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.

Commentaire:

Bit surprised small caps went up with tech. Bond yields are down today, I guess.

Everything points to a pump and dump tomorrow.