I was refering to 850ish. That is the cash gap, so when we were at 858, that drop below 850 closed that gap. Of course the market wasn't open yet. According to the 2nd gap rule today we have a 90% chance to go back and close it during the day... For overnight here is how it works: When we have the 2nd open gap in progress, going against it is a pretty safe bet, just like it was shorting during last night....
2 and a row have happened before, but it was in a bull market. Probably stop run to 77 area before we fall. Still a lot of air underneath though.