Ferrari Is Looking Ready To Race

That's right, a bad play on puns... I'm not even a dad yet lol.

Momentum is favoring RACE big time. It is setting up for a really strong pullback.

• Touch of the Keltner channel
  
• Gap up from earnings (earnings drift in our favor)
  
• Anti setting up on the MACD
  
• Momentum on MACD daily and weekly in our favor
  
• Bears are trying hard if Friday's bar is reversed, look for strong price action to the upside
  
• Strong weekly momentum on last weeks bar
  

This is as good as it gets for a set up!