Quote from Mins:
So does the 2nd day gap rule apply today.
Just watching Crude and its starting to approach the very strong support at 110-111. This also coincides nicely with the 200 day moving average.
On the 60min QM chart I'm seeing a little bit of wedge action taking place - will be interesting to see what happens coming into report today at 10.35.
If crude turns or bounces of these levels next few days we most likely will see further breakdown in Equities.