RTY Update

已更新

Not at all what I expected today, small caps leading the market down. I don't recommend a long position until RTY goes oversold.

Asia and Europe usually don't pump small caps, so it's probably toast this week. Chart pattern is extremely bearish.

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I don't think gap direction matters tomorrow, I think small caps and retail continue the tank unless Powell decides to pump the market again.

We'll see what happens tomorrow.

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Chart patterns can be deceiving because the news is always different, but boy does this chart pattern look a lot like last April.

In any case, bearish for tomorrow since ES and NQ still need a retrace.

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Not sure I want to draw my followers into the trade but i did buy a few ELF puts earlier today