NQ Update

MFI went overbought, Europe looks bearish

Probably gonna whipsaw sideways today, possibility of a dip tomorrow with TSLA earnings and ECB meeting

ES chart is basically the same

Handel aktiv:

I was looking around for something to short, and PDD was green even though China looked bearish so I went with that. Now red, lol.

Not sure about the US, but the rest of the world looks awful bearish. Watch out for TSLA earnings.....

Kommentera:

LOL, definitely did not see that coming, NQ and RTY pumped over 1% after European markets fell like 1.5%.

Huge short squeeze on a bunch of garbage stocks, but this is day 4 so the squeeze is probably over today.

Dumped my PDD puts at the $2 down mark, might re-short at EOD.

Kommentera:

Whipsaw, staying out. Tomorrow is probably a pump and dump, but the way the market is acting it'll probably gap up then drop.

Market is rather bullish though, managed to recover from the futures dump unlike Monday afternoon. I expect a whipsaw day tomorrow, cn;t recommend going long or short.

Kommentera:

ECB meeting tomorrow premarket so expect futures to whipsaw before open, not worth the heartburn

Kommentera:

It's the Euros selling off futures, FDAX is down 1% again. Makes sense because of the ECB meeting.

Probably a flat open again tomorrow as Europe sells and US buys.

Kommentera:

BTW, i figured out the reason for the mid day dump.... Italy

Kommentera:

TSLA puts if you;re ballsy.... not gonna risk $2.5k on it myself

Kommentera:

TSLA up AH, but I expect it will gap up and drop tomorrow.

The proper answer was apparently to short Bitcoin, lol. ECB rate hike is gonna start the drop....

Kommentera:

TSLA only up a few bucks, it'll fill the gap almost immediately after open. No catalyst to move the market up tomorrow.

Gap direction will be determined by Euro reaction to ECB rate hike and press conference.