The ETF representing the financial stocks has completed a clean top with a well-defined gap at 50.91:
Financials Fail
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Tempered
As is so often the case with thrilling Sunday night action, by the time we wake up to see what Monday holds, the movement is wholly or partly gone. For example, crude oil last night was on an absolute tear, moving up to about $120:
Miners Under Gaps
Just a heads-up that gold miners are quite close to their price gaps, which could represent key resistance.
Softie Gap Fill
One would have never guessed that a price gap this large and left this far in the dust would be filled, but there you have it: it had to lose nearly 30% of its value to get there, but it did so:
Gaps Filled
Well, the futures were off to an exciting start at first, with the /NQ plunging nearly three hundred points. Yet now, not even two hours into the session, with have a green /RTY, a green /YM, and an /ES down as of this moment a few hundredths of a single percent. Some crash, eh?
I just wanted to do a very quick post showing how the gaps were swiftly filled. They were actually filled to the PENNY, which was picture perfect for a few minutes, but since then prices have even pushed above the gaps (but, so far, only by a little bit).
