NQ Update 5/18

업데이트됨

Going to bed early tonight, NQ MFI is oversold on the 3 hr chart, the fact that it didn't bounce right away tells me the tank isn't over... but at the same time NQ daily MFI did a double dip into oversold territory for the first time since 2016.

Throw the rulebook away in this crazy market because there are no rules.

That being said, the next target appears to be a double bottom. Maybe get a bounce there when RSI goes oversold. Maybe, lol.

코멘트

Target hit and everything is oversold. None of the other US indices or FDAX has double bottomed yet, so there's actually more room to the downside. Flipping all my puts on open though.

거래청산: 타겟 닿음

Yup, took the easy money, I mean TSLA gapped down over 4%, so a no brainer there. Picked the right stock this time, remember how I said the knife catchers would panic? They did, lol.

TSLA options have good liquidity and TSLA tends to open at premarket prices due to high premarket volume. Makes it easy to predict option pricing at open.

I lost a little money the last couple of days so this breaks me even of the week. Win some, lose some. I should've gone big, then I'd be happy.

코멘트

I said last week the market is like crypto.... well crypto crashed, lol. Time for the market bubble to pop as well, just a matter of how....

This was an Asia/Euro induced tank, not US news based tank so I'm done for the day. Hope you guys had fun, it was a good call yesterday.... I said it from the beginning of the day. That is why I watch foreign indices.

코멘트

Looks like the German tank (lol) is done and I don't see much panic selling on the US market other than TSLA premarket and retail stocks. XRT is down quite a bit. Probably just whipsaws all day, expecting a gap up tomorrow but I will update on that later.

Flipping puts on open appeared to be the right call. I could have maximized profits if I held for half an hour but I suck at trading whipsaws.