Korean pumptardedness
EWY posted the same pattern as it did before the last 2 big drops. Entered into some puts today for next week.
There's still room for it to go hit resistance and ATH, the 2 lines I've drawn. If it goes up from here, look for a similar pattern before shorting.
I'm bearish for Monday, but who knows, they can do another vaccine pump, 3 weeks in a row, lol.
Note, if it tanks on Monday, wait until Tuesday to short, it usually does a 2 step drop with an up day in teh middle.
There's still room for it to go hit resistance and ATH, the 2 lines I've drawn. If it goes up from here, look for a similar pattern before shorting.
I'm bearish for Monday, but who knows, they can do another vaccine pump, 3 weeks in a row, lol.
Note, if it tanks on Monday, wait until Tuesday to short, it usually does a 2 step drop with an up day in teh middle.
ความคิดเห็น:
They pumped it hard.... 2%. Buying next week's puts this week. If KOSPI rolls over tonight, I'll buy tomorrow. If not waiting until Wed, because Korea always drops Wed night.
ออเดอร์ถูกยกเลิก:
Waiting until Wed, ES and RTY MFI went oversold so the market is going to rally. I guess the third time is the charm.
ปิดการเทรด ด้วยตนเอง:
Bought puts yesterday and closed it out.... keep in mind Korea trades tomorrow, so do next weeks puts if you're staying in the game.
I think it drops tonight but bounces up Friday because that's how the pattern works
I think it drops tonight but bounces up Friday because that's how the pattern works
ออเดอร์ถูกยกเลิก:
DOllar broke support, looks like EWY is going parabolic, lol. Gonna be hard to short if the currency trade is going the wrong way.
I usually short EWY on Wed afternoon, seems like it likes to drop on Thursdays. I shorted it this week, and KOSPI didn't move but the currency dropped, for a 66% overnight gain on puts.