Good prediction, bad direction. I told you we would close the gap* at 2705... We already dipped down to 2728. *"The markets abhor vacuum."
I was made fun of for this prediction although it proved to be right. I was using the hourly chart and the daily that is why the market bounced. The SMA on the hourly caught the bounce and that was the high of the day, about 17 points from yesterday's close. That is as close to "a good 20 points" as it gets.
20 points, or $1,000. -- I remember back in the days, when I thought that was all the money in the World for a day's pay. That felt like winning the lottery to me. Pekelo 2018, Making Trading Great Again...High-Five`
Yesterday PA/ Outside Day with close on the lo`s told me we were headed South today! Heavy, Heavy....