ES and YM oversold, RTY overbought. Meme stock short squeeze appears to be over and normally this would mean a rotation into safe stock.... but the market has been anything but normal lately, lol. Even right now ES and YM look weaker than RTY like they want to throw an exhaustion gap tomorrow.
No compelling shorty trades, looks like a melt up. The only thing I would consider shorting today is China.
No compelling shorty trades, looks like a melt up. The only thing I would consider shorting today is China.
Note
I am refraining from shorting any stocks with high short interest for the time being....Note
Well, there's your rotation into tech stocks, lol.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.