Funny thing happened to the Broadway, anybody seen the high of the day? Yeap, 2730.89, currently a good 15 points below...
The bars that I pictured were cash bars. Gaps are looked at on cash, not futures. You'll notice that the "gap" you described was just all price points that were explored on 2/22 on cash. No gap exists. It's of course fine for you to use any criteria you wish for gaps, that is your prerogative. ----No gap occurs though when the "gap" was prices that had printed the day before.
This is False. I post losses all the time. There are a couple of others in this thread that do as well---beyond that, who else on the board does that?
There is a shot today for a huge upwards move today, but the cash chart is not quite ready yet. It may be soon ---we'll see.
Here is for educating the ignorants: Pekelo's 2nd gap rule used to say: "2nd consecutive gaps close on the same day 90% of the time" Lately this has been violated by volatility, they still get closed a few days later, just like we did in the last few days.