RTY MFI overbought

Updated

RSI isn't there yet, but ES & NQ already hit overbought on both.

I don't expect the market to tank, probably just a dip. Bought a few AFRM puts for kicks and giggles this morning, see if it breaks support tomorrow.

Hoping the algos start cycling again now that earnings are over (except AAPL), buy the dip when MFI goes oversold.

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Looks like RSI hit overbought on that last spike, small caps filled the last gap on the daily index.

Already reversed before I got to post this, lol. I'd wait until tomorrow afternoon or Wed morning to buy the dip when MFI hits oversold.

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Euro markets were closed this morning (I forgot all about it, lol), so possibility of a pump and dump tomorrow.

Got stopped out of my ARM trade because I wasn't paying attention, made some beer money. Oh well. Was expecting it to continue down when the market rolled over, and it went up.

I think I'll wait and see if they do the pump and dump tomorrow.

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Garbage stocks like AFRM, PTON, AMC, RBLX are green. Can't find anything I really want to short.

There's a possibility the market just whipsaws sideways again instead of dropping. Bond yields are up a lot and the market is basically just flat.

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OK, kicking myslef a little for not re-entering into AFRM puts or RBLX or GM. I was looking at those 3 yesterday, lol. Overslept and missed all the fun.

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