Under normal circumstances, that would be a proper play. But this ain't no normal times.Quote from Lawrence Chan:
The run up matches the dollar yen pop but that was a very weak pop of 100 pips.
The gaps still have to be filled ...
On the other hand, we have an exact inverse intraday set up -
Yesterday we have a down gap not filled with down side breakout of 1st 1/2 hr pointing to a trend day.
Today we have up gap not filled with up side breakout again, so another trend day?