RTY still hasn;t filled the gap so despite the fact that it's overbought, I'm not feeling bearish quite yet.
As soon as this fills I think it's all over. Probably whipsaws then goes back down.
As soon as this fills I think it's all over. Probably whipsaws then goes back down.
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At this point I think it's all about RTY gap fill, have an exit plan for your long positions and start thinking about shorting Wed I think. We'll see how the indicators line up.A melt up is always a possibility though.
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Wouldn't be surprised at all if the market did one of those stupid alternating day deals where it's down-up-down-up.Thinking up tomorrow either way.
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Futures green, not surprisingly small caps are actually lagging because the Asians prefer to pump tech. This is why I said you can;t short anything until teh gap fill.
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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.