Wednesday, April 29, 2020

ZM Coiled Spring Update 2



Well, yesterday's candle did go up a little but nowhere near how far I thought it would. This morning it was on its way down, so I got a July ZM Futures 280 Put for 5.00 * $100/pt = $500.

The futures just ranged all day and by the close, it was just a Doji candle. A Doji implies indecision.

The chart above was saved 8:50pm ET. You can see the new candle is barely a line. So there's no indication which way we're going. We'll see how things look tomorrow.

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