From
It is what it is department : As usual, trend following has nothing to worry, HH and HL trend is still well and intact.
And..... if you are a die hard top or bottom shoppers then this could give us something that we can go by as a short term outlook, The discussion today is let see what gap can tell us, if you understand why
gap and go or
gap and no go really mean, we can use them as a temperature sensor of the market to plan our trade on next day, in this case is for Monday, with the weak outlook in mind (see chart), futures market before the open should be clear if this last
gap and no go will give us a weak follow through or not. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.