RTY MFI Oversold

The least reliable of the indices, but RTY MFI is oversold. ES and NQ aren't even close, but they aren't moving much. Flipped my shitcoin (BITO) puts at open which is why I was late to post. Too bad I shorted BITO instead of COIN, that would have been some serious money. Disappointed in the gap down, much smaller than I hoped for.

Staying cash today unless I see a good trade, not expecting the market to do much today.

Comment:

Pretty funny stuff, small caps rallied and nothing else did. That is what my indicators showed, but you rarely see just small caps go up, and small caps are a bit hard to trade because you never know which sector will rally.

Anyways, I probably should have bought BITO calls when I dumped the puts, lol. Figured it'd go up when it only went down less than 1% on Coinbase news.

Anyways, tomorrow is looking like a total crapshoot, might take the day off.

Comment:

Kinda what I figured, after the small cap and crypto pump in the morning, nothing much to bet on.

Guess I need to wake up a little earlier in the morning, should've plotted it before market open. Oh well. At least I was smart enough to get out of my BITO puts, just not smart enough to get into calls, lol.

No prediction for tomorrow, all indicators neutral including FDAX.

Comment:

Sleeping in tomorrow, I think you really need to plot stuff before market open to make money.... getting some rest and I'll come back Thu.

No idea what happens tomorrow anyways, good luck.