SPY 2Hr

Waiting for 2 hr chart to show overbought before shorting the market.

Like I said yesterday, chip stocks are the only sector I would short, SMTC down big AH on earnings. Futures scrolling up again AH, oil and $NDX broke out today.

Commentaire:

It looks to me like they're setting up for one final pump tomorrow, 401k pay day Friday where funds are forced to buy. I'd want to see the 2 hr chart get more overbought before shorting the market. If it doesn't so what.... too much FOMO on Trading View. More than likely next Wed/Thu will be a good short opportunity for a quick flip, like last week.

Long on NOK and HEAR, will probably be almost all cash going into the weekend. No point in holding a position long or short not knowing what's gonna happen with China.