ES Friday Afternoon Update
One hour left to go for Ponzi Friday, ES is not overbought yet. Unless it goes up another 20 pts before close, I'm gonna hold for the pump and dump gap up Monday.
The way these 4 day short squeezes work is it should go up Monday, dip Tuesday, up Wed, then drop Thu when CPI numbers disappoint, lol. No idea about gap direction for Thu.
If we get the gap up Monday, probably just gonna close my trade out because my indicators will be overbought and I also expect a dip Tue anyways.
The way these 4 day short squeezes work is it should go up Monday, dip Tuesday, up Wed, then drop Thu when CPI numbers disappoint, lol. No idea about gap direction for Thu.
If we get the gap up Monday, probably just gonna close my trade out because my indicators will be overbought and I also expect a dip Tue anyways.
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There's so much cash on the sidelines that we could see a rapid melt up. No plans to short anything any time soon;/.