ES Bear Flag target hit

28 ต.ค. 2020

I kept saying the last couple of days that it was a bear flag like last week. Bear flag target now hit. On top of futures dumping, I'm expecting people to dump their earnings plays like AAPL, AMZN, etc because MSFT went red even after a solid beat. (So did AMKR, but I dumped my calls before earnings) So no calls until EOD.

Didn't think it was going to break until tomorrow, so only had a small position in GM puts, but I doubled my money on that, so still a decent week. GM already filled 2/3 the gap while I took a dump, lol. Maybe I should trade on the toilet. At least I made the right call by flipping my puts on open.

28 ต.ค. 2020

ความคิดเห็น

Chart pattern similar to Monday so we may get an afternoon bounce here in a few minutes.

Not playing it though, I mean who's really buying on a Wednesday mid tank? We could finsih today at the bottom

28 ต.ค. 2020

ความคิดเห็น

Chart today looks like Monday, I was right about the bounce So probably another bear flag tomorrow like the chart from yesterday.

Not worth the risk to hold calls overnight, will fade the gap tomorrow.