ES MFI Oversold

Dec 10, 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.

Dec 10, 2020

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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.

Dec 10, 2020

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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.

Dec 10, 2020

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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.

Dec 10, 2020

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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.

Dec 10, 2020

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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...

Dec 10, 2020

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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.

Dec 11, 2020

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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.