RSI now touching oversold, but I don't think we get a significant bounce until MFI goes oversold. Also plotted teh bear flag target here because everyone always want price targets, lol.
I maintain bearishness until the target is hit, we'll take it from there.
I maintain bearishness until the target is hit, we'll take it from there.
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Normally I would go long at the target but with Euro inflation numbers Thu and employment numbers Fri, I'm not doing any long positions this week.
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Tomorrow could be just another whipsaw day, but I'm bearish for Thu/Fri or until we hit my target, lol.
No long positions this week
No long positions this week
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Probably a case of FOMO but added a few more BITO puts, next week's expiration.
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I've got tomorrow as another whipsaw day then bottom out on Friday