Russell 2000 Oversold: Look for dip buying tomorrow
RTY has hit a key fib band level from which previous rebounds have occurred. The RSI is also at a level from which recent previous rebounds have occurred.
If ES holds 3880 in the Globex, I’m going long.
There's always the danger of a vertical drop given how full of trash (GME, AMC, PLUG, various SPACs) this index has become.
If ES holds 3880 in the Globex, I’m going long.
There's always the danger of a vertical drop given how full of trash (GME, AMC, PLUG, various SPACs) this index has become.
Comment:
I did a search for "SPY" and literally everyone is shorting it. They must be punished by pain. Looking for a retest of 3880 or slightly above and bounce.
Order cancelled:
SPY is struggling, and this will threaten to drop everything with it.