Not trading this week, but I just wanted to point something out.
Last week, I said the best time to buy calls during a melt up is when MFI gets oversold. MFI was oversold premarket today.
So there you have it. Pay attention to the indicators, even in a melt up. RSI is now way overbought, so I wouldn;t chase it now.
Last week, I said the best time to buy calls during a melt up is when MFI gets oversold. MFI was oversold premarket today.
So there you have it. Pay attention to the indicators, even in a melt up. RSI is now way overbought, so I wouldn;t chase it now.