ES1 Overbought and big divergence

Wow did they ever pump futures on low volume, SPX will open at all time high (ATH), taking a big loss this week, $5k...

Not chasing this, that would be insane. No new short positions either, will let the puts expire worthless. Gotta trust the chart formations and targets, nevermind the fundamentals. ES1 hit both pennant and bull flag targets without skipping a beat. Lesson learned the hard way on this one.

تعليق:

LOL, weak. Nobody is buying into this BS. Not as hosed as I thought I would be, UAA and GM negative, XRT getting there. $2.5k down, but I'm guessing everyone and their mother are going to cash out their 401k when they see we hit another top.

Lol make that $2k loss for the week now.

تعليق:

Even for the day now, closing out some positions. Talk about heartburn, lol.

تعليق:

Closed out all of my index positions on this whipsaw heartburn day. Enough of that, lol.

Still short UAA, GM, and XRT. Doesn't really look like they're going anywhere anyways.