More whipsaw as we all expected, look at the MFI drop on the morning dump. Yet of course the market is just basically flat.
Like I said yesterday, a dip but no tank. I do expect further weakness but As soon as MFI hits oversold they'll pump this up again.
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MFI went oversold so the market will probably do something stupid tomorrow like gap down slightly then go up. The market could really use a nice tank t get buyers back in.
Retail guidance was bad (HD & KSS), Trump is threatening more tariffs, and the market gaps up and finishes flat. You knw there's no connection with reality, it's just computerized pump and dump.
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There's a possibility that it retests the lower trendline, regardless I expect a double top before a major tank.
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LOL, I was right, it did something stupid like gap down slightly and go up. Closed my puts on open, only positions are earnings.
Even BYND is in the green now. Stupid market, fundamentakls mean nothing, it's just futures pump and dump. MFI bounced off of oversold condition.
Not sure what happens next other than more whipsaw. Looks like computers are accumulating futures again for the final pump so be careful what you short.
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Wow, did not expect that. Lower trendline broken now, flip the puts when RSI goes oversold...