I warned everyone that FDAX was oversold yesterday afternoon. ES moving up even though MFI is going down.
During a melt up, the biggest move comes when MFI gets oversold, so watch for that and go long. Could break out of this channel on the stimulus, bail when overbought on MFI.
During a melt up, the biggest move comes when MFI gets oversold, so watch for that and go long. Could break out of this channel on the stimulus, bail when overbought on MFI.