Today had very much an exhaustion gap feel to it. A >1% gap up and then down trading the rest of the day. Is it simply a gap close? Possibly. But I am still pondering the idea that a fractal of the April wave is still at work. If that's the case, then there is an interesting similarity that is setting up.
But being cognizant that we are in the middle of Silly Season, this rally could still have legs. Tomorrow should provide and interesting clue.
From E-T: Weekend Post – March 10, 2018
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There is a new post on my blog at this LINK. Cheers and enjoy the chart! E-T
6 years ago