In the 4 years I've been trading I've never seen NAS100 gap 30 points a day 3 days in a row. It's rare to get 1 30 point gap much less 3 in a row. An anomaly or some meaning?
It means that (1) a lot of people have been caught short since October 9. (2) Portfolio managers will underperform if they miss the move, so they are panic-buying The move since October 9 needs to be put into the context of the erosion in stock prices seen since May
For more than a month the 1st 30 minutes of trading has rarely intersected with the prior days' close. It sucks, especially if you hold overnight (which I don't anymore) because the risk is amplified, and it takes away the profit potential of the days' follow through since few of these gaps close, and most stay in small ranges.