NASDAQ 100 E-MINI Futures
Short
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NQ Rally Rejecting at S/R? Going Overbought Again!

Chart says all. Could be near end of the reaction rally from Monday's selloff IMO. Trade with care, GLTA!
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Not shown in this chart the Fib retracement is exactly at 0.786. Opened bear put spread in Oct 374 vs Fridays 372, net debit $5.46, ten spreads.
Uwaga
Moved ITM rolling the short legs down to 27 Sep 370s.
Uwaga
They gave me money so I took it off the table. Re-entry Friday.
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Re-entering in 22 Oct 372.5 /Sep 27 369 bear put spread, five to start, net debit $6.25
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Added and then doubled down, added 5 373's on the EOD rally, in 25 spreads, holding. Rolled the short legs down to 366s.
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Closed in opening gap weakness and bought $369 calls, rode them into the money and rolled back into the $30 puts EOD, closed ITM. Going down IMO.

Feared that $3 gap would fiill intraday and it STILL COULD, so DO NOT GO CRAZY, NO Plunging YET!
Uwaga
Correction: $370 puts, Octobers, typo
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Closed re-entered and closed again. Watch for a reaction rally and short it IMO.
Do not try to buy a bounce, this is no 'V'. Going dowwnn...
Uwaga
till bearish. Would NOT buy this dip. Likely much lower soon IMO. Impossible to call a bottom, just watch, wait, dont get killed. Panic selling start soon when new players and weak hands realize they losing on new positions, the dump will be fierce!
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It's Bearish. Made bank off puts in Am then gave it back on PM calls, I was sure the damned thing would fly on short covering, but it settled back into the hole again. Lower soon IMO.
Uwaga
It's oversold again, going from OS > OS. IMO Bearish relief ought to come soon, probably a good place to sell far OTM puts. Wait to see where it opens.

Selling puts is less precision demanding than call buying.
Made bank off the vertical call spread like that, various entry prices, didn't have to get a perfect entry, it paid.
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BUYING CALLS OCT 358
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Wow. Gone OS > >OS. Super Bear; Closed this when it got wiggly and saw the crown form in late trade. Bearish as all get out. Not bouncing yet, lower soon IMO, we got a flagppole with breakout from bottom of a pennant.

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