MFI rapidly falling and it'll probably go oversold before the market opens tomorrow..... which means another pump?
Hard to believe with 3 hr RSI still close to overbought, and both daily and weekly indicators are also overbought. Not chasing it that's for sure.
Shorting BUD via weekly options. I teach skiing, and one of the funniest things a kid said was "the cheese is falling off my pizza." Looks to me like BUD lost the cheese and the pepperoni, lol.
Probably safe to hold puts overnight, but looks at indicators before market open tomorrow. I'll probably throw a post up since I have an open position. A whipsaw at the top is pretty common, the market rarely throws a clean reversal.
Hard to believe with 3 hr RSI still close to overbought, and both daily and weekly indicators are also overbought. Not chasing it that's for sure.
Shorting BUD via weekly options. I teach skiing, and one of the funniest things a kid said was "the cheese is falling off my pizza." Looks to me like BUD lost the cheese and the pepperoni, lol.
Probably safe to hold puts overnight, but looks at indicators before market open tomorrow. I'll probably throw a post up since I have an open position. A whipsaw at the top is pretty common, the market rarely throws a clean reversal.