ECB pumped the Euro market this morning with more stimulus talk, they're meeting next week.
In any case, NQ is oversold but FDAX is selling off from an overbought condition, which more than likely means it gaps down tomorrow then goes up or something along those lines. Took the liberty of overlaying the last drop.
I said yesterday that I expected a drop this morning and a reversal.... NDX did that but everything else gapped up big because of the ECB Euro pump into an already overbought market (FDAX), lol. Crazy market.
SHorted ZM yesterday afternoon on the chart pattern read, flipped the puts this morning so I might be done for the week. Didn't post the trade because I wasn't entirely sure. Chart pattern reads are hit or miss.
In any case, NQ is oversold but FDAX is selling off from an overbought condition, which more than likely means it gaps down tomorrow then goes up or something along those lines. Took the liberty of overlaying the last drop.
I said yesterday that I expected a drop this morning and a reversal.... NDX did that but everything else gapped up big because of the ECB Euro pump into an already overbought market (FDAX), lol. Crazy market.
SHorted ZM yesterday afternoon on the chart pattern read, flipped the puts this morning so I might be done for the week. Didn't post the trade because I wasn't entirely sure. Chart pattern reads are hit or miss.
Wish I had bought MU calls, was thinking about it and it rocketed before I could hit the button.