MFI dropping fast but so much dip buying there's not much money to be made shorting. Just more whipsaw. Today is Ponzi 401k payday Friday, so afternoon will probably be more whipsaw as well, futurss appear to be selling but the 401k funds will buy. Options expiration will add to the whipsaw.
Bearish for today but not expecting a tank. MFI should hit oversold Monday or Tuesday, BTFD, but as a quick one or two day play. Gap direction will be determined by earnings, might just stay out.
Bearish for today but not expecting a tank. MFI should hit oversold Monday or Tuesday, BTFD, but as a quick one or two day play. Gap direction will be determined by earnings, might just stay out.