I would expect some trapped longs from friday to bail (if only a little bit) prior to bond auction results at 1 PM EST and the fed decision later - don't know how much they can dent the SPX but you should get a little move both ways. Right now ES is a no volume vacuum...
can't we fill the gap and continue a down move? I thought that market doesn't like the vacuum, so for a big down move to materialize, it' better to fill the gap above?
Just got back. Should have held longs, but I'm trying to be a bit more conservative in leaving postions open while gone - especially today with all the possible bigger moves that could have happened.
