ES RSI went overbought premarket

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Ooops, I published this but made it private, sorry guys.

ES RSI was overbought pre-market with huge MFI divergence, so of course it had to fill the gap.

Auto sector weak AF on chip shortage but EV stocks gapped up so I shorted XPEV, lol. Closed it and called it a day trade. NIO earnings after market today, possibly more downside for EV stocks tomorrow.

Probably staying out the rest of the day, I'm taking quick pot shots at the market when I see an opportunity. Not trading very hard. Today was nice though, easy money.

Edit: Market will pop back up when MFI gets oversold so expect more whipsaw and pay attention to teh indicators.

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Crazy whipsaw, ES bounced without quite getting to oversold.

I guess everyone's betting on AMZN to beat. I got back into next week's XPEV puts with today's profits, I think NIO goes down tonight on guidance. Quite frankly the whole automotive sector is overpriced considering chip shortage is going to keep production down this entire year.

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Did a quick check, all indicators are in the middle now, gap direction more than likely depends on AMZN

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Flipped my GM puts on open and XPEV puts right after. Easy call to make when NIO and TSLA went straight for a gap fill.

Made a couple grand this week, not bad for 3k worth of trading. Market probably trades sideways for a while, gotta take the easy money when it's available.

US indicators are hung up in the middle, but ES MFI is heading up. Probably a gap up Monday, but no playing it. Will wait until Tues/Wed to find something to short.