RTY Almost oversold
Updated
I still don't think that was the top, looks to me like we get another pump when RTY MFI gets oversold.
Was busy timing my AMC play, lol. Dumped on the gap fill overshoot and just re-entered, figured it wasn't gonna go down more than a buck. Might wind up being a day trade, planning on bailing if teh market doesn;t kick up after the Euro markets close.
Seems to me like small caps went a little overboard on sell, but the Euros finally dumped so there could be another gap down tomorrow.
Was busy timing my AMC play, lol. Dumped on the gap fill overshoot and just re-entered, figured it wasn't gonna go down more than a buck. Might wind up being a day trade, planning on bailing if teh market doesn;t kick up after the Euro markets close.
Seems to me like small caps went a little overboard on sell, but the Euros finally dumped so there could be another gap down tomorrow.
Note
Bailed on my AMC trade for break even, looks to me like RSI and MFI are going oversold.From the looks of things, they've given up on short squeezes.
Note
MFI hit oversold, RSI is not there yetNote
My FDAX chart is showing another possible gap down tomorrow, so gonna wait until tomorrow to play the bounce.
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