RTY Update

ES and NQ MFI are creeping up because they went oversold yesterday but RTY MFI is dropping because it hi overbought this morning. Also, FDAX MFI hit overbought, so high probability of a gap down tomorrow or every index.

ES and NQ might melt up today but watch out for the gap tomorrow and I'd shy away from small caps.

Still all cash, waiting for Friday CPE numbers.

Komentarz:

Guess I missed out on this pump, no news = good news, and it appears the algos are all running now. Not my thing to chase a pump, should've stayed with my long positions from Friday, we did get the 4 day short squeeze.

FDAX MFI is overbought, German CPI tomorrow, US CPE Friday. More whipsaw, though the trend now seems to be a whipsaw up like January.