Well, I was all cash and overslept, lol. I'm on the west coast, not waking up at 6am when I'm all cash. I warned everyone last night about "stimulus" news, everything overbought but still rallying. If they agree to a deal over the weekend, we get a huge gap up on Monday, despite all indicators. All other world indices were slightly red, which I expected and I...
Stay away from small caps.... overbought. I think it might get a small gap up tomorrow based on previous rally (overlay), but definitely not worth chasing. Very close to resistance zone anyways.
Expecting another pump and dump tomorrow, here's why... RTY is overbought on MFI and YM is close. Maybe we just get another sector rotation back into NQ because that's oversold.... who knows. I'm calling for a gap up and tank tomorrow, or bare minimum a whipsaw day.
RSI touched overbought and it dropped. Appears there will be no breakout yet.
Certainly looks like it wants to. Note: the market might tank before small caps get a chance to fill the COVID gap. All other indices are overextended.
NQ isn;t moving but RTY is, looks to me like they're doing the standard pump and dump, except with small caps instead of Nasdaq.
Looks to me like RTY (RUT) wants to fill the gap. bearish on small caps
This is the RTY at the 4 hour. Which will the RTY do first? Fill the gap below or breakout to reach 1500? The NQ has entered into a distribution phase. Tech stocks are going down and the money is heading to the non-tech stocks like financials and transportation. That's the RTY's bread of butter. RTY may be getting reach for another surge. The question is: will...
Investors and traders are leaving tech to go for better value stocks: financials and transportation. RTY rallied big time due to this shift in breadth. I am expecting a small pullback for RTY. However, from the looks of it, financials and transportation have entered into an uptrend channel. If you're going to short, short very, very carefully. It's probably...
This is RTY at the 4 hour view. I just said screw it with the channels for now until RTY makes up its mind. For now, RTY is stuck in a volatility box. The dotted lines are tier I support/resistance. The dashed lines are tier II support/resistance. You can swing trade while the price goes back and forth. At URTY/SRTY, that's still a 3-7% profit per day. The...
Probably hits oversold Monday, which means they'll pump everything. Don't get too bearish if we get a market dip on Monday. At least the MFI went down on this index unlike NQ and ES....
RTY overbought as well but the market is too pumptarded to short today... I think there's a fiarly good chance that the EUros will pump futures overnight.... might just have to sit in cash since I have no idea where this is headed. If I do a trade I suppose it'll be GM calls, not small caps.
That's one heck of an MFI divergence if they pump this overnight into overbought condition. I think there's an opportunity to short small caps tomorrow or Wed...
Just needs one push down now, already breaking the bear flag.
As I suspected, small caps are oversold on both MFI and RSI, I overlayed the last pump and dump for my followers. I don't think this stupid rally is over yet, but we'll find out next week.