Another day... another gap.
My chart is now sporting 12 downside gaps.
I believe that is a record.
This market has been pretty discontinuous if you ask me.
Hard to get warm fuzzies with that kind of action, but it is what it is.
The NYMO cycle is up.
While price is making new highs, NYMO is printing a lower high at the moment.
So, a divergence may be taking shape which can have implications down the road.
I don't have much else to say frankly.
I guess I would like to see the Dow print an all time high.
With that I think one can start musing about top formations.
I am long an SPX runner position.
I was shaken out of my R2K long last week. *grumbles*