RTY Way the heck Overbought

Expecting this to start dropping either this afternoon or tomorrow.

You definitely don't want to chase small caps.

Not

Dow is also overbought, posted it.

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

Not

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

Not

I might wait until tomorrow, we'll see.

Not

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

Not

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

Not

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

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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

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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....

Not

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

hungry_hippo

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

hungry_hippo