Dec 21, 2023
No. In fact both the NYMO and the NYSI were rising going into yesterday, but there were many, many measures of overbought in the indexes and stocks that said don't be buying at these levels and maybe think of selling or tighten stops (like you're up more than 100% in MARA or COIN, make sure the 100% is locked in).
In options trading I never hold overnight. In swing trading, I would hold until the swing signal goes away (the NYSI turns down). Except for day trading, day/week/month are irrelevant.