5/21 - midday scan

• well..no good shorts or longs to buy...setups pretty fucked
• main pattern i see is just 1 candle...just a candle thats huge which in the morning was near the highs and lows near old support ...but now the candle is only halfway up the highs...
• because of options ex, i would not be surprised to see a huge rush late day to push it back near the highs to make for a nice bullish week next week
• tempted to just buy any stock that has been super battered and near support...but even that i cannot find...
• feeling like maybe we might just finish near the lows again like yesterday and kill all hope that we have a reversal...maybe need to test the lows again
• want to go long...scared to go short...but no setups either way...
• ideally though, to make things easy, we rally up for next week...then market started getting crushed hard again after having some nice pullback patterns back towards the breakdown point..making for very nice shorting opportunities
• $NYMO was too low for me to think that we can possibly make a close below the support SPY bounced off of in the morning

bottom line:

• bulls want to make money from oversold stocks...its "cheap"
• bears want a pullback so they can refresh their shorts
• but at the moment, people are still too scared to go long and stay long over the weekend...right now, they only committed to partial holding intraday but might not be able to close at the highs because of this
• options ex might be the catalyst needed to shoot us back to the highs...very weak intraday as we moving down towards 0 again...
• we are so oversold that its tough to be very bearish...and we are still under 30ema so not easy to commit to going long either