Wednesday, May 12, 2010

Huge Overnight Reversal

The overnight range was crazy.  We hit a low of 1141 and a high of 1160.  A 19 point range in overnight trading is not normal, so there are definitely some nervous hands right now.  I expect this gap up to be filled rather quickly in US market hours.  I am fading this gap here. 
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1 comment:

Petsamo said...

SPY didn't fill gap, but some stocks almost did.

5/12/2010 11:05:00 AM

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