This is the gap I've been talking about all day. All futures gaps must close. ES and RTY closed this gap but NQ hasn't.
Hence my bearish tone before the Fed, and the reason why I flipped my long positions on open. Little details matter.
Hence my bearish tone before the Fed, and the reason why I flipped my long positions on open. Little details matter.
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The funniest part about this is I was worried about that gap when I went to bed and the Euro idiots pumped the market up anyways. Huge relief this morning when I dumped my long positions.
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Gap filled as predicted
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A bear's worst nightmare, lol.
So the gap filled and it reversed overnight as the Euros pumped the living crap out of it. I think there's a high possibility of a gap fill or the market might go red today.
Bullish, but I'd wait until EOD to go long. Fade the gap if you're short.
So the gap filled and it reversed overnight as the Euros pumped the living crap out of it. I think there's a high possibility of a gap fill or the market might go red today.
Bullish, but I'd wait until EOD to go long. Fade the gap if you're short.
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Prediction for today is whipsaw
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WHipsaw it is....
I think the problem is that it hasn't double bottomed during market hours, most traders don;t sit around watching futures overnight.
If you're bullish, I maintain my advice to wait until next week, anything can happen over the weekend, not worth the heartburn holding anything over the weekend
I think the problem is that it hasn't double bottomed during market hours, most traders don;t sit around watching futures overnight.
If you're bullish, I maintain my advice to wait until next week, anything can happen over the weekend, not worth the heartburn holding anything over the weekend