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hungry_hippo

RTY Update

E-Mini Russell 2000 Index Futures (CME_MINI:RTY1!)  
hungry_hippo Updated   
CME_MINI:RTY1!   E-Mini Russell 2000 Index Futures
Chart Patterns Technical Indicators RTY1! IWM
7
3
chartpattern indicator rty1! iwm
All other index futures went oversold except RTY MFI as mentioned last night. It actually hit overbought again, lol.

If you're gonna play the bounce, I suggest staying away from small caps. I'm guessing gap up and tank tomorrow for small caps, it's too close to support not to test it.
Comment:
MArket appears to be done tanking for the day now that European markets are closed. I would stay away from small caps and Chinese ADRs though. See he Evergrande post I linked last night on my HSI post. Also, HSI1! MFI has not gone oversold yet, and neither has RTY1!

Everything else looks like it's due for a bounce but I'll wait to see what happens tomorrow
Comment:
I think I'm gonna wait until RTY hits support before going long. Market acting strangely, would have expected a bounce by now.
Comment:
MFI hit oversold and bounced this morning, whipsaw market....

Did not expect such a big gap up on this one considering how the indicators looked
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