ES Update

3 thg 12, 2020

ES flat, but MFI went down a bit so no longer overbought.

I think today is going to be a flat whipsaw day, futures went up 7, down 10, then back to zero. Market probably does something similar today, not worth trading.

Will look at this again later today....if it tanks, great, a buying opportunity. No need for FOMO.

3 thg 12, 2020

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MFI just went overbought again, so we will get a dip today. Still leaning bearish for the day.

I expect a melt up until Christmas though, but with MFI overbought, I'm probably staying out until Monday

4 thg 12, 2020

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Well, we got a dip to get rid of the overbought condition and it's up AH.

Probably more whipsaw melt up until the stimulus package gets approved, then we get pumptarded, and then drop.

Tough market to make money with options, might sit out for a while, Just doing stupid small plays for now.