MFI heading towards overbought quickly, if there's one index I'm bearish on it's small caps.
I think there's a possibility of another leg down next week.
I think there's a possibility of another leg down next week.
Note
Touching overbought, chart says short EOD tomorrow if it ralliesNote
Appears to be selling off a bit due to the overbought condition. I would definitely stay away from small caps even if you;re bullish.
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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.