DislikedAs suspected since the pre open. Massive gap to the 1.10xx handle. Runaway gap in play [in play]as we cleared key support on the open (1.104x). LOTS of air at these levels and markets need to digest the open and the upcoming hours until Europe wakes up. Mild [and only for reference] level for the Asia session is 1.096x. A few of important things with this open [in order of importance]: This year high has been SET (officially on the Q roll this week but this is pretty much settle). Changing Short term outlook (days to weeks) from NEUTRAL to SELL...Ignored
just one more practical question: so seems like we are in this risk mode trading. But what about the runaway gaps, which we have gotten now? You have any ideas how they act in this enviroment? Usually - no risk trading - they get filled pretty quickly. However, It seems to me that this time - they will get filled only after the risk game is over = i.e. after the risk leg pans out (if so). Would you agree?
Huge appreciation for your awesome updates (as always)!!!! Thank you