ES MFI oversold

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Could stay oversold..... but I wouldn't count on it. Certainly looking like we'll get the usual Friday rally tomorrow.

Also, there's an open gap above from the Euro market open. And YM is also oversold.

If you look at the 5 min chart, you can see that was a quick profit taking double bottom by the EUros that bought this morning and dumped.

I warned everyone not to chase the drop..... flipped all of my puts on the drop.

Whipsaw day.... staying cash. Good luck

Remember, options expiration tomorrow.....

I just realized there's no gap above, investing.com had a website problem last night.

Probably EOD weakness then a gap up tomorrow thugh because that's what the market seems to do every Thursday/Friday

Note: No longer oversold.... but barely

OK, I didn't see that coming.... futures dropping AH. Not that I mind, I'm only carrying puts.