Hey bud, I haven't been to sleep yet so bear with me here hehehe. Its IMO only, because what you say is true but call it weird intuition or personal experience/baggage everything I am seeing is telling me it needs to be filled on a closing basis (might be wrong). We all know intraday moves can be the result of things like short squeezes or market manipulation etc.
So when I see a big spike or gap up on a trading day which is then sold off just as quickly like on the 26th because it has no real strength I am just not convinced (too easy). So for the scenario I have been posting I think we need to see a gap close on some strength. This felt more like manipulation to try to convince traders that the gap is no longer an issue.
Anyway as I said literally no sleep in two days so that's the best anyone will get out of me today lol. Note this means I still expect another push up in the markets maybe on data tonight? If this happens then the market might top as soon as next week not saying it will but a chance, as I have been saying IMO markets are running out of time quickly.
P.S. Hope that made sense bud, might get a nap now hehehe.
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Hey bud, I haven't been to sleep yet so bear with me here...
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