Market traded to the 842 support in the overnight session, then bounced. I fear we are not so lucky once the HF congressional hearings begin, and we retest 842 almost 85 delta.
Markets sold off, and have now recovered most losses and are green. Don't get overly excited until we see the close, but I am beginning to see some real buying interest into a possible redemption.
two recent huge white candles similar to the one today resulted in +5% gap-up (oct-13) and a flat opening (oct-28). tomorrow is a good chance for a large gap-up. i think many shorts did not cover EOD and may be forced to cover if we gap up thus fueling the gap.
Currencies backing off hard from the liftoff they had late yesterday. Don't know what to make of it. This "should" have had upside momentum for a few days at least imo.
