Neutral/Negative Catalysts
- Current tape is risk-off: MFG down -2.85% while S&P 500 is also down (-1.02%), and pre-market was negative as well.
- Momentum is weakening (MACD histogram still >0 but contracting).
- Pattern-based forward return outlook points to mild downside bias over the next week/month.
- No news catalysts in the last week to justify an immediate breakout attempt.