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Gaps are very interesting to me, although I’m not quite sure of their logic. LYFT, for instance, had a price gap from eons ago at $15.99. Yesterday the price leaked at $15.95 and is now backing off. I’d thus consider the price gap sufficiently sealed, following a doubling of price since May.
With the exception of crude oil, we awake yet again to an all-green morning (at least as I am typing this, about 90 minutes before the opening bell). There is less than 200 points between the present price level and lifetime highs for the /ES, and you just know how many people would love to slap “Lifetime Highs” on the top of USA Today. Many indexes, of course, already have such a declaration, but the S&P isn’t quite there yet. (I am referring to the adjusted futures contracts; the cash index is a mere 58 points away!)
