My statistical data is fuzzy today, so waiting to see where we open, but my educated guess as of now is that the initial move off the Open is up as long as we open in range. So, will just watch and see if we fail above yesterday's high or not on an initial thrust higher. If we get legs to the upside, I'm thinking maybe 4330 or so today. If we open with a larger gap up above yesterday's high, that could be a good short back in range. So, best for the long side if we don't open too high.
All looks primed for a nice rally now as this gap down is ideal for the long side. Just following the market to the upside if we catch a bid on the Open.
figured not much point in the live call stuff, but good start to day after that annoying stop in globex
That morning pop lost steam quickly and we dropped back below last week's range. Two inside days in a row is fairly rare, so we should take out either yesterday's low or high by the Close. No bias for now. Could be too early for longs, IMHO.