Fitch downgrade left an open gap down yesterday after market close. You can tell the algos weren't planning on dumping, MFI actually hit overBOUGHT premarket.
I don't recommend going long until MFI hits oversold. Then again I'm all cash right now, lol.
You figure market had to dip sooner or later, but I can't predict timing on something like US debt rating. Sitting out wasn't a bad idea, though I wish I had shorted China, lol.
I don't recommend going long until MFI hits oversold. Then again I'm all cash right now, lol.
You figure market had to dip sooner or later, but I can't predict timing on something like US debt rating. Sitting out wasn't a bad idea, though I wish I had shorted China, lol.