Well, I did mention the small open gap yesterday afternoon, lol.
Looks like Europe sold off and took the US futures with them, MFI is now OVERBOUGHT meaning more downside despite the open gap above. The market is breaking a lot of my usual rules, the only time the market left an open futures gap for an extended time was the initial COVID gap which stayed open for a year.
Looks like Trump is the new COVID, not playing the gap fill anymore, just playing 3 hr indicators now. Also, Powell did not say anything significant yesterday.
Looks like Europe sold off and took the US futures with them, MFI is now OVERBOUGHT meaning more downside despite the open gap above. The market is breaking a lot of my usual rules, the only time the market left an open futures gap for an extended time was the initial COVID gap which stayed open for a year.
Looks like Trump is the new COVID, not playing the gap fill anymore, just playing 3 hr indicators now. Also, Powell did not say anything significant yesterday.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.