ES Daily Update

Not oversold yet, if you're looking to play the bounce, I suggest waiting until next week.

I anticipate an Israeli attack before Monday anyways.

Kommentera:

That is some strange ass shit this afternoon, the afternoon traders treated the midday drop like a gap, filled it and dropped as soon as SPX went green.

Wish I had closed out once then reopened, but I didn't see that coming at all and I bought next week's puts. Just waiting for Israel to bomb Iran

Kommentera:

You'd be crazy to hold a long position overnight anyways, as soon as Israel bombs Iran, you're looking at 1 - 2% drop in futures, maybe more.

Kommentera:

I can't get myself to hold a long position overnight, with my luck Israel will attack when I do, lol.

The market did bounce even during COVID, so I might take a stab after Israel attacks..... but you know Iran is gonna do something stupid.

Gonna be tough to hold a long position this month.