We are opening out of range and out of value from Friday with a gap high at 4025.25 and a gap low at today’s open of around 4000. No volume last Thursday and Friday. We are also right in the middle of the balance are we established the last two weeks.
OPEN was at 4000.50!
We have had 4 range extensions to the downside. The gap was not closed as of 8:20. The IB is fairly small with only 20.25 points arguing for a trend day.
Day Summary so far:
More thoughts:
Two missed Fibonacci Trades:
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