Appears to be a complete pump and dump failure. I got bullish because of the buy volume the past couple of days, but it hit overbought on MFI and now is dropping. i think there's potential for it to stay oversold for a day or two when it gets there because it's dropping on much lower volume. Those that bought have to sell, and volume isn;t matching up yet.
Nota
If the Euros continue their selloff then small caps break support and re-enters that big expanding megaphone pattern (blue line).Market probably bounces back a bit after the Euro markets close, but I'm not even tempted to play any long positions, considering the market keeps gapping down big because of teh Euros.
Nota
This is gonna be an ongoing pattern until the Euros are done selling off....Morning selloff, then bounce after Euro markets close. I always thought the Euros had mostly futures and index funds, but it appears they have a lot of individual stocks as well. A lot of stocks that don;t normally gap down did all week.
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