Gap happy, slap happy

٣٠ يونيو ٢٠١٩

All indices threw a gap, NDX now has a gap underneath and a gap above. "By law" both gaps have to close. Unlike index gaps, future gaps almost always close, and since we're at the gap, I expect both of them to close within the next couple of weeks.

Get ready for some huge whipsaw action. Not sure which one it closes first, but I would have to assume it goes up and crashes.

The alternative scenarios is that it closes the gap below overnight then goes pumptarded tomorrow. In any case, watch the gaps.

١ يوليو ٢٠١٩

ملاحظة

Market looks weak, there's a good chance that it closes the gap underneath before it goes after the gap above. Like I said last night, WHIPSAW!

٢ يوليو ٢٠١٩

ملاحظة

Gap above and gap below, which way it goes nobody knows.

At some point it will close both gaps, but I have no idea which one first.

٢ يوليو ٢٠١٩

ملاحظة

Looks like my arrow might have been correct after all. Don't enter any short position until this gap closes, probably tomorrow.

٣ يوليو ٢٠١٩

ملاحظة

Would appear that it got the gap fill last night, now to fill the gap below. It has to happen because it's futures. Granted it may be 2 years from now or 2 days from now, but it will fill.

٣ يوليو ٢٠١٩

ملاحظة

Guess I can draw some pretty lines sometimes. Let's see how it pans out from here.

٩ يوليو ٢٠١٩

ملاحظة

This rally looks like a head fake, gap below is still open...