Well, I had to take mom to teh airport so I missed all teh fun.
I said yesterday that today would be a pump and dump, only they left out the pump, lol. MFI almost oversold, RSI not there yet. Of course they can do the same thing they did this Monday....
No idea which way the market goes Monday, hoping it goes oversold and I'll buy some calls. Staying cash, there's no play here, too late to do anything.
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Rut roh....
Not only did it hit my trendline, but it blew right through it. Talk about China contagion going on now. Very bearish, be careful if you're trying to play the bounce. Indicators show RSI and MFI oversold on ES, NQ, and YM. RTY MFI is not oversold yet.
I think the market backtests the trendline, but there's more room to the downside afterwards
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Posted an updated RTY chart, stay away from small caps...