The gap down is not much of a surprise considering how we ended the day, however whether we finish our bounce today or head lower, as we have seen so many times, the opening gap is reliable to predict just about nothing.
If there is to be a recovery and a bounce today then we should see accumulation into the opening gap, it won't be there right away, but it should appear soon.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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