Looks like there were some itchy trigger fingers on the sell button. Looked like a classic pump and dump setup with MFI hitting overbought, and a few firms hit the sell button because Trump said something about Chinese cooking oil.
You gotta figure they can't tank futures 2 days in a row, so the market has to gap up a little. Might short something tomorrow.
You gotta figure they can't tank futures 2 days in a row, so the market has to gap up a little. Might short something tomorrow.
Note
Pump and dump like I said. MFI is not oversold yet. Expect weakness tomorrow morning regardless of gap direction
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.