ES MFI Oversold

10 בדצמ׳ 2020

NQ went oversold on RSI and MFI yesterday (already plotted last night), ES MFI went oversold premarket.

I'm guessing whipsaw today then an up day on Ponzi Friday.

I'm siorta anticipating a down day Monday for some reason.... we'll see how the indicators and chart patterns line up tomorrow.

10 בדצמ׳ 2020

הערה

Seems like we're getting a normal pump and dump now.

Pump on low volume off hours, dump on high volume during market hours, dump some more pre-market to make prices cheaper, buy on high volume.

Next step is another pump and dump obviously. WHipsaw at the top.

10 בדצמ׳ 2020

הערה

Market is no longer oversold, tomorrow is Ponzi Friday so probably up.
I don't feel very bullish, kinda stupid to be bullish when unemployment is up. Probably just staying out.

10 בדצמ׳ 2020

הערה

Bought some NBIX puts on the last intraday pump. Figure if it breaks 90, it's a long ways down. Looked like a bear flag anyways. When in doubt, short garbage that nobody cares about.

Anyways, I promised you whipsaw... we got whipsaw.

10 בדצמ׳ 2020

הערה

Remember, unemployment is good for teh economy, lol. Watch the gap up tomorrow. Might be some opportunities to fade the gap, but I would suggest individual stocks, not the indices.

10 בדצמ׳ 2020

הערה

I get this weird felling that tech has another leg down. Usually when NQ breaks one of my channels, it drops more than one line...

10 בדצמ׳ 2020

הערה

What happened yesterday and today just goes to show that most of the big traders know the unemployment numbers before they even come out. Yes, the market is rigged.

11 בדצמ׳ 2020

הערה

Probably a flat open tomorrow, ASia isn't pumping and I don't expect Europe to pump either.

Maybe an EOD rally because it's POnzi 401k Friday.