The gap got closed. I guess it is better late than never.
The $TICK was no help this time in foretelling the bearish break in the last half hour of trading. The market was actually looking like it wanted to climb higher. However, once it broke to the downside, the downside momentum was unstoppable. The recent pivot low and the overnight high acted as resistance once that support level was broken.
The market is now wedged between yesterday's and today's Point of Control. The market now awaits all the employment info over the next two days.
Charles
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