Flat day but MFI is moving down. We might get a repeat of last week, keep in mind MFI can move pretty fast.
Not sure about gap direction, but expecting MFI to go oversold in the morning, possibly premarket.
No position, sleeping in tomorrow, I'm on the west coast, market opens at 6:30am.
Not sure about gap direction, but expecting MFI to go oversold in the morning, possibly premarket.
No position, sleeping in tomorrow, I'm on the west coast, market opens at 6:30am.
Commentaire:
MFI actually moved up in the afternoon, headed to overbought again but this could be a melt up. Definitely sleeping in tomorrow, hopefully we see a little more clarity in direction tomorrow. Right now I have it as a slow melt up, which is difficult to trade with options.