NQ Open Gap Alert

Futures down but it gapped down so we all know that gap has to fill.

NQ is also oversold, but I'm not sure if this gap is going to fill until after the Fed meeting. The Terra/Luna/UST gap took 3 whole weeks to fill, and cryptos are once again tanking.

Best guess? We hit the purple line first then rebound back up this week to fill this gap after the Fed meeting. Powell has a knack for pumping the market while delivering bad news, lol.

Comment:

I got way too bullish too early on the UST gap last time, so probably going to be a bit more conservative this time.

Please don't ask me when the gap is going to fill, it can be a few hours or a few weeks, we'll see what it looks like tomorrow morning.

Comment:

Futures down big now, but remember all US futures gaps fill. Also keep in mind it took 3 weeks last time.

Comment:

We have the first crypto lender to halt withdrawals. More contagion ahead.....

A repeat of the UST/Terra/Luna tank seems appropriate now.

Comment:

I forgot the link, lol.

www.yahoo.com/now/cr...awals-050955015.html

Stay away from anything crypto related this week.