Odd, MFI is overbought but it looks like it wants to melt up until RSI gets overbought for the 4 day short squeeze. There is a gap underneath RTY just like ES, so I expect it to tank after the squeeze.
Looks like money rotating from tech to garbage, lol.
Gonna opt to stay cash, not shorting anything and def not buying garbage stocks.
Looks like money rotating from tech to garbage, lol.
Gonna opt to stay cash, not shorting anything and def not buying garbage stocks.
Note
RSI is almost overbought, might short something tomorrow, especially if teh market gaps up
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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.