Long

Small Caps Oversold, Again

By DaddySawbucks

Updated

They got a beating 12/09, Tues gap filled EOD, RSI near oversold, expect turn higher soon, watch the indicators!

Note

Gapping up fgs!

Note

This gap closed but SPY and QQQ remain above last session close. Sometimes that's all you get. Traded a bit into the red.

Trade active

Flipped calls on the lift after gapfill, not a very convincing lift IMO

Note

Hmmk after the gapfill it moves towards oversold again. This has been a leading indicator, starts to feel like another damned bear rally.

Note

Sold again but closed off LOTD and firmed up AH quite a bit. Might be a broader market buy forming, if bulls can defend this price level through FOMC

DaddySawbucks

Disclaimer

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.