Overall, markets will probably retreat next week
I am looking for a few good setups to hold over the weekend in case there is a gap down on Monday. The market rise since Wednesday
As shown by markers in the daily and 30min indicators, RSI and stochastic %K and directional volume are at extreme overbought levels. This is true of many other charts as well.
Note the daily RSI is coming up to 50 after a sustained hold below 33. With daily %K at 99 on Thursday, price should pull back. This usually results in another downturn. I bought some 25Mar 210 puts.
As shown by markers in the daily and 30min indicators, RSI and stochastic %K and directional volume are at extreme overbought levels. This is true of many other charts as well.
Note the daily RSI is coming up to 50 after a sustained hold below 33. With daily %K at 99 on Thursday, price should pull back. This usually results in another downturn. I bought some 25Mar 210 puts.
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I sold puts on Monday for a small gain. Markets are still following yield up. It will turn, but either wait for a signal or go out in time with puts.