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.
Note
In a weird way, I was right. RSI did go oversold on every index.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.