FDAX Update 10/21

Algos buying futures this afternoon because they expect a gap up tomorrow. FDAX went oversold on MFI.

Considering MFI is oalmost overbought on ES1!, I'm expecting a pump and dump tomorrow, so gap up and tank.

Kommentera:

And there you have it, gap up and tank today

FOr those wondering why the market gaps up even on down days, now you know.

Kommentera:

MFI is close to oversold again, but it could sell off anyways because who wants to hold stocks over the weekend with lockdowns coming in Europe?

Tough call here, but with this whipsaw market, the gaps fill fill anyways.