submitted for your entertainment. -------------------------------------------------------------------------------- Quote from vertigo3 (morning of Thurs Dec 11): I have been reviewing a 5 minute chart of the S&P 500 cash. Can someone out there please look at cash S&P 5min on Friday Dec 5 and tell me whether you see a gap near 2:40 or 2:45 that afternoon. in the 853-851 area thank you -------------------------------------------------------------------------------- Intraday gaps are pretty rare. Did anyone out there happen to notice what the RTH Low was for the cash S&P 500 on Friday Dec 12? This is just purely coincidence and is considered singularly useless by some. Yeah, ok, useless. a real curiosity, though, huh? "Markets are never wrong; opinions are." -J.L.Livermore
This week: FED will cut rate tomorrow Options Expiration - triple witching Thurs/Fri Seems to me markets will be sideways to up into Fed decision then down into OPTION expiration and for the rest of the year.
If daily/weekly down trend is intact, today, we need to see the mkt going lower. Otherwise just stop running on many long term shorts will take this higher.
Relative to the 4 pm ET close, we have an up gap now. And it may very well open above the 83 swing high point.