ES MFI bounced of oversold

Updated
Weird chart but it says up....
Comment
SO 2 indices overbought and 2 indices bouncing from oversold. Not sure what to make of it, probably flipping my GM puts and going cash.
Comment
Looks to me like it wants to go oversold again
Chart PatternsESTechnical IndicatorsSPX (S&P 500 Index)

Disclaimer