RTY Update

Algos are clearly still trying to pump the market, look at MFI.

Going to wait until MFI gets overbought before getting into any big trades. SHould happen Tuesday I think

Commento:

They're still trying to pump lol.

There is nothing that says it has to go overbought before it drops, so definitely not going long. As soon as the algos hit the sell button there will be no buyers underneath. Could happen as soon as Monday

Commento:

I have no idea why the algos are pumping though, seems it'd be easier for them to short the market with no buyers underneath,

I don;t recommend going long until daily indicators go oversold. If you;re skittish like me , lol,wait until the weekly goes oversold.

Commento:

LOL, I was right, they pumped enough money into futures to get the market back up.

Pump and dump next week, I'm sure.

Commento:

See my FDAX plot, I figured out who's pumping.

I expect a huge selloff next week though I suppose it depends on earnings

Commento:

Remember, nothing good can happen when the market pumps bad news. Looks to me like It'll go overbought Monday.

I don't really care, that lady I dated couple of weeks ago finally texted back, lol. Been busy texting all day instead of watching this screwy market.

Commento:

My expectation is a pump and dump Monday, but keep in mind MFI can go up even when futures go down.

There hasn't been much continuity in direction over the weekend so watch out. i don;t see much reason to go long with yields rising and a recession looming.