NQ Update
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LOL the whipsaw continues
RSI hit overbought with MFI divergence like I said yesterday afternoon and promptly rolled over. I said inverted H&S yesterday but my indicators aren't anywhere close to oversold yet. Wish I had trusted my overbought indicator and bought puts EOD yesterday, but I expected a 3 or 4 day short squeeze. That rule has saved my ass multiple times, but not today, lol.
If the market goes down tomorrow, a lot of garbage stocks will lose support like PTON, AFRM, CHWY etc that have been bouncing off support for the past week.
RSI hit overbought with MFI divergence like I said yesterday afternoon and promptly rolled over. I said inverted H&S yesterday but my indicators aren't anywhere close to oversold yet. Wish I had trusted my overbought indicator and bought puts EOD yesterday, but I expected a 3 or 4 day short squeeze. That rule has saved my ass multiple times, but not today, lol.
If the market goes down tomorrow, a lot of garbage stocks will lose support like PTON, AFRM, CHWY etc that have been bouncing off support for the past week.
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It's definitely a bear market, should've shorted when the market pumped bad news.Oh well, I expected a reversal pattern today, not a full tank
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Not really sure what to do here, lol. Everything is down too much to short but I don't expect a pump until futures get oversold.Probably gaps up tomorrow, might short that with next week's puts.
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I should've just stuck to shorting PTON, lol.Overthinking the market. I snagged some IRTC puts though, sticking with monthly puts, not sure what the market is doing
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Note: This is why I don't look at price or support levels, there's definitely people buying at support but neither MFI or RSI is oversold yet so more room to the downside before the next pop.I do not recommend going long until BOTH MFI and RSI get oversold on my 3 hr chart
Anmerkung
NOT oversold yet, wait until tomorrow if you have the balls to hold a long position over the weekend.I can;t recommend going long until Monday since Russia might actually declare war Monday
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