MFI touching oversold on the 3hr, ES and RTY aren;t there yet. This usually means we get a tech only bounce, but watch out because the weekly MFI is overbought. Don;t get too greedy here near the top.
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Yields rising at the same time gold is rising, something very fishy is going on with this afternoon weakness.... like the algos are setting up for a "debt ceiling" dump or something.
I guess we'll find out tomorrow. I don;t recommend doing large bets in a whipsaw market.
I guess we'll find out tomorrow. I don;t recommend doing large bets in a whipsaw market.
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Retail numbers sucked, and there is definitely a rotation from small caps to tech today
Something to watch out for if you're long. I missed the dip because I was waiting for ES MFI to go oversold and it didn't. Oh well.