Updated

RTY MFI oversold

MFI oversold before Powell talks. Has not hit my target, but I'd be wary about holding a short position before the world's biggest pumper talks.

Note

BTW, oversold means more than likely headed up, though there's a chance that RSI needs to go oversold before the bounce in which case it will hit my target.

I'm all cash headed into the Fed conference.

Note

Watch out for the whipsaw, usually the initial reaction is a headfake.

Note

I'm wondering if we get one of those strange days where Powell pumps the market but there's no follow through the next day. Happens every once in a while, not sure I want to go long.

hungry_hippo

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hungry_hippo