We have an open gap above and an open gap below. I assume the one above will fill first on this rate cut pump until POwell (and/or inflation numbers) squashes it then it fills the gap below.
Everything is green right now, index futures, cryptos, and even gold but I assume that's because it's a commodity not because of speculative hedging. All otehr commodities are up as well.
Flying out to WA tomorrow, no position. Also, RSI is overbought on the 3 hr so be careful. This may be a melt up though. I do expect the gap below to fill eventually, but as we know, sometimes it takes some time.
Probably not trading next week, good luck.
Everything is green right now, index futures, cryptos, and even gold but I assume that's because it's a commodity not because of speculative hedging. All otehr commodities are up as well.
Flying out to WA tomorrow, no position. Also, RSI is overbought on the 3 hr so be careful. This may be a melt up though. I do expect the gap below to fill eventually, but as we know, sometimes it takes some time.
Probably not trading next week, good luck.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.