Seem like we having a new trend of gapping up on mondays and not looking back. Look for tuesday for us to pull back and test the gap left over from today. Not much to report on with these gap and go type of days with little volume.
On another Robert Prechter said to his readers that you should be short for the long term here because this is all BS. I am just reporting what I read I am not making a recommendation whatsoever but you all know Prechter is such a mentor for me.
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