RTY Update - No TACO on Thursday

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I keep saying that futures gap underneath needs to be filled, and small caps have the longest way to go to get there. So I bought some IWM puts this morning, and decided to hold it even though it looked like a repeat of yesterday right after lunch. I figured MFI wasn't oversold, and worst case, I just come out even, lol.

Holding the puts overnight, guessing we see a gap down tomorrow. We probably get a bounce when RSI hits oversold. Not gonna go long at this point until the gap below fills.

Algos control the market and the talking heads just attach a reason to it. They're blaming Dimon for his "cockroach" comment, lol. Financials did take the hardest hit though. Wish I had shorted XLF.

I think the gap below fills by next Friday, but I think you want to wait for a bounce before buying puts. If we get the gap down that I expect, I'm flipping my puts on open. We're gonna see some whipsaw tomorrow.

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Yo yo, hit the play button on this one. Did exactly what I predicted.

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I hope this makes all of you believers in the 3 hr chart.

Updated posted. Probably a bounce, but a big bounce is not guaranteed.