RTY Way the heck Overbought

185
Expecting this to start dropping either this afternoon or tomorrow.

You definitely don't want to chase small caps.
Nota
Dow is also overbought, posted it.

ES and NQ are in the middle, no indication of direction....
Nota
If you're going to short I recommend next week's puts.... though I'm expecting profit taking tomorrow
Nota
I might wait until tomorrow, we'll see.
Nota
Faded the gap on BYND and also just flipped my NFLX puts from yesterday. All cash again.
Nota
MFI is through the roof but FAANG stocks appear to have reversed, so at least one more day of pumptardedness
Nota
Sector rotation.... small caps getting weaker and tech going up.
Nota
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
Nota
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....
Nota
MFI started dropping in the afternoon, probably the final pump and dump tomorrow.

Exención de responsabilidad

La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.