ES Daily Update
Well, SPY and ES MFI came up off the bottom finally. I think this morning was the final bottom.
Another rate hike priced in and most of the inversion priced out. Even if the futures traders try to do another premarket rate hike dump, I think it just recovers like today.
Might just hold my long position for a couple of weeks instead of playing the pump and dump.
Another rate hike priced in and most of the inversion priced out. Even if the futures traders try to do another premarket rate hike dump, I think it just recovers like today.
Might just hold my long position for a couple of weeks instead of playing the pump and dump.
Not posting 3 hr charts because it looks like a MFI melt up. Too much cash floating around.
We'll see what happens, but I may close out some positions Wed if we get a melt up.