RSI overbought, probably doesn't reverse until MFI gets overbought as well because ES MFI is oversold. Indicators are mixed depending on the index. No idea what the algos are doing, lol.
Comment:
Remember that I mentioned the daily was oversold last week.....
Next time I'm gonna just buy IWM (ETF and calls) instead of messing around with a garbage stock. Garbage stocks are unpredictable on an individual basis, I think it makes more sense to trade the index.
Speaking of garbage, cryptos are dropping again because bonds are.... gotta assume Powell goes .25% hike on the 20th, CPI numbers coming out in a couple of weeks.
Disclaimer
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.
Next time I'm gonna just buy IWM (ETF and calls) instead of messing around with a garbage stock. Garbage stocks are unpredictable on an individual basis, I think it makes more sense to trade the index.
Speaking of garbage, cryptos are dropping again because bonds are.... gotta assume Powell goes .25% hike on the 20th, CPI numbers coming out in a couple of weeks.