Fed whipsaw may not be over yet, but it looks to me like RSI is headed to oversold. Note MFI is no longer oversold and could double dip into oversold.
No long positions until RSI goes oversold, and keep in mind RTY and YM daily MFI went overbought so we could see small caps tank, not really sure why anyone was bullish on retail after the AMZN warning
No long positions until RSI goes oversold, and keep in mind RTY and YM daily MFI went overbought so we could see small caps tank, not really sure why anyone was bullish on retail after the AMZN warning
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Would appear that the guys playing "pump teh Fed" finally gave up. Def looking bearish.
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Updated chart, RSI already hit oversold as predicted