This is what I was talking about for Monday morning, DAX looks like it wants to roll over from the overbought condition, and US futures trade in the same direction as the Euro markets, so I am expecting a down open.
I could be wrong and this could be just a headfake, but that was my analysis Friday afternoon when I decided to keep my puts open instead of flipping them.
If you are planning on holding options overnight, make sure you keep an eye on European markets. I prefer to watch the DAX, seems to have the most influence on US futures during Euro market hours.
I could be wrong and this could be just a headfake, but that was my analysis Friday afternoon when I decided to keep my puts open instead of flipping them.
If you are planning on holding options overnight, make sure you keep an eye on European markets. I prefer to watch the DAX, seems to have the most influence on US futures during Euro market hours.
Note
LOL, sorry about the typo, this is a 3hr chart much like my ES1! charts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.