ES Update 2/2

2 thg 2, 2021

Sorry for the delay, was busy flipping my 2 HOG puts for beer money. Lots of beer this weekend, lol.

ES is almost overbought, NQ is already there but YM and RTY are still in the middle. We could see some rotation before the next drop. I wuldn't chase the market any higher.

Funny thing is I had KMT and HOG puts, flipped them both for a profit. Actually made money on earnings bets, and I didn;t post them. Oh well.

2 thg 2, 2021

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Was busy with other stuff, MFI now overbought. It's possible that we could get one more gap up before a dip, just looking at the chart pattern for last Feb.

2 thg 2, 2021

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Market no tanking because duck season is over. As much as I'd like to establish a short position here, I think I'd rather sleep in tomorrow. Feeling sleepy today.

Thinking we might get one more gap up because the market is pumptarded.

2 thg 2, 2021

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Too sleepy to focus, I guess I'm just gonna hope for a gap up tomorrow so I can buy some puts. Staying cash, not trading when I'm not thinking straight.

2 thg 2, 2021

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Best guess is whipsaw Wed, dip on Thu, pump on Ponzi 401k Friday.

Not sure if the next drop happens next week or the week after.

3 thg 2, 2021

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Lots of dip buyers, probably just a sideways whipsaw today

3 thg 2, 2021

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sideways... almost looks like a melt up coming, futures MFI scrolling down but indices are holding steady. We'll get a pop when MFI gets oversold.

Note, RTY MFI already hit oversold.

3 thg 2, 2021

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Sideways whipsaw as promised. I'm sure we'll get a dip tomorrow, not sure if in the morning or afternoon.

FDAX is overbought, so we may even get a gap down.

4 thg 2, 2021

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Sideways drift continues in Asia, gap direction is up to teh Euros