RTY Way the heck Overbought

Expecting this to start dropping either this afternoon or tomorrow.

You definitely don't want to chase small caps.

Ghi chú

Dow is also overbought, posted it.

ES and NQ are in the middle, no indication of direction....

Ghi chú

If you're going to short I recommend next week's puts.... though I'm expecting profit taking tomorrow

Ghi chú

I might wait until tomorrow, we'll see.

Ghi chú

Faded the gap on BYND and also just flipped my NFLX puts from yesterday. All cash again.

Ghi chú

MFI is through the roof but FAANG stocks appear to have reversed, so at least one more day of pumptardedness

Ghi chú

Sector rotation.... small caps getting weaker and tech going up.

Ghi chú

There's a chance he market could gap up because NQ is not overbought yet, but I expect profit taking before the holiday weekend. Volume is usually light on Turkey Friday

Ghi chú

Looks to me like RTY and YM will probably be flat tomorrow, while ES will go up the usual 20 pts, and NQ will go pumptarded because it's not overbought yet, lol.

Fade the gap on a crappy stock like BYND tomorrow....

Ghi chú

MFI started dropping in the afternoon, probably the final pump and dump tomorrow.

hungry_hippo

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.

hungry_hippo