11/4/2020 9:59 AM
Huge move to start the day off. I am looking at a potential fade opportunity into $3500. Need to be careful still with all of this market uncertainty. We already know what happens when we get gaps like this to the upside. The gaps to the downside in October have been filled and we still have one overhead from early September.
Zoomed in on the 30 minute timeframe shows just how powerful today’s gap up was. We discussed the possibility of this on yesterday’s Stock Market Brief. Id also like to point out how overbought the RSI is at the moment.
