Seems to be the only logical reason why teh algos are pumping futures.... to get RTY out of oversold territory.
ES is overbought but the market appears to be mlting up anyways. Thursdays are usually bearish, so not chasing the pump
ES is overbought but the market appears to be mlting up anyways. Thursdays are usually bearish, so not chasing the pump
Nota
Theoretically you could try IWM calls and QQQ puts if you expect another sector rotation.Have not done that yet, though I have done calls and puts with 2 different stocks when I'm not sure of market direction.
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Bets guess is taht the Chinese pump on service PMI numbers, and Euros dump. Not sure which way the market gaps tomorrow, staying outES MFI is overbought, take that for what you will. I don;t chase overbought conditions even though chart patterns say up. Chart patterns on indices can fool you.
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