MFI hit oversold premarket, so I didn't see the tank coming at all. Usually goes up when the market does that.
Complete rejection off the channel line I drew up couple of days ago, appears RSI wants to go oversold as well. the odd thing is RTY never got a gap fill, but the market has been breaking all kinds of rules lately, so I guess I shouldn't be too surprised.
Can't predict everything, I got my gap up and flipped my calls, so I was done for the day anyways. At this point I'm bearish until RSI gets oversold despite MFI being oversold already.
Complete rejection off the channel line I drew up couple of days ago, appears RSI wants to go oversold as well. the odd thing is RTY never got a gap fill, but the market has been breaking all kinds of rules lately, so I guess I shouldn't be too surprised.
Can't predict everything, I got my gap up and flipped my calls, so I was done for the day anyways. At this point I'm bearish until RSI gets oversold despite MFI being oversold already.
Comment:
I don't think gap direction matters tomorrow, I think we get some follow through for once, then a possible reversal if RSI hits oversold.
Guess I better start paying more attention to news, usually it doesn;t matter but the market is definitely on edge.