RTY UpdateRSI now oversold on RTY, ES, and NQ MFI is not oversold yet, and last week MFI stayed oversold and flatlined.
Risk/reward is not there for me to play a bounce, especially now that PCAR earnings pump appears to be over. If anything, I'll short next time I see the 3hr go overbought.
I don't see a market rally happening until after the Fed shutdown, gonna avoid the heartburn and stay cash.
If you're short, you're chasing an oversold condition.
Good luck.