This is what I was warning everyone about, MFI is almost overbought with a gap down. PCAR already filled the gap so no play there.
AFRM was green when I woke up so did a beer money bet with puts. RTY MFI is overbought.
The market rarely gaps down 2 days in a row without filling the gap, so I'm not expecting much of a gap down tomorrow, but I do expect the market to go down until MFI goes oversold again.
AFRM was green when I woke up so did a beer money bet with puts. RTY MFI is overbought.
The market rarely gaps down 2 days in a row without filling the gap, so I'm not expecting much of a gap down tomorrow, but I do expect the market to go down until MFI goes oversold again.
With MFI almost overbought and RSI hitting oversold, I think we're gonna get whipsaw here.