hungry_hippo

RTY Daily MFI overbought

hungry_hippo Updated   
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
Something I noticed while flipping through some charts, RTY1! daily MFI is overbought along with GM , PCAR , YM1! (Dow futures ), Dow components like WMT , CAT, YNH, etc along with XLF (financial ETF ).

Definitely not chasing a Fed pump even if my 3 hr indicators show oversold. My favorite stocks are overbought, that's a signal to take a pause. Will be shorting when 3 hr indicators go overbought.
Comment:
Note: I think there's a good chance RSI gets overbought as well probably next week. We'll see.
Comment:
Well, I warned you guys yesterday.

Daily overbought and 3 hr oversold so we got that bounce before the whipsaw and down.

I'm bearish for tomorrow.
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