RTY Update

MFI actually went overbought today and it still hasn't hit my blue target line.

ES and NQ look like they want to bounce tomorrow but small caps may actually go down. Staying cash for now.

As weak as the market looks, there's a possibility that it breaks the blue line, then all bets are off. You really don't want to be holding a long position if that happens.

I don't think we hit bottom until Monday. I've been saying it for a couple of months now, but there is nothing wrong with being in cash.