We are oversold big time.
Price tanked, rallied and then dumped to end the session, but the dump did not make new lows.
That makes me think there is some strong demand at these levels.
I have placed some 413 calls that expire tomorrow (small bet) Looking for a nice rally up towards 417. I think we will probably hit that and then dump back down to 412 leading into Fed meeting next week.
After Powell speaks I expect a rally.
Sell the Rumor, Buy the news.
Price tanked, rallied and then dumped to end the session, but the dump did not make new lows.
That makes me think there is some strong demand at these levels.
I have placed some 413 calls that expire tomorrow (small bet) Looking for a nice rally up towards 417. I think we will probably hit that and then dump back down to 412 leading into Fed meeting next week.
After Powell speaks I expect a rally.
Sell the Rumor, Buy the news.