NQ didn't quite finish the gap fill (see NQ1 plot I posted earlier), and I think all of the indices are going to hit oversold on RSI. That's very bearish for RTY because it's going to break the upward channel shown.
Might still go long when RSI and MFI hit oversold, market usually back tests the channel line. Keeping an eye on Europe, especially FDAX (Germany), and playing it by ear.
All cash right now, no positions.
Might still go long when RSI and MFI hit oversold, market usually back tests the channel line. Keeping an eye on Europe, especially FDAX (Germany), and playing it by ear.
All cash right now, no positions.
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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.