The chart above was the standard Daily continuous chart that I download on Sat afternoon. Take a look at the same continuous chart after the open on Sunday night below.
Daily Continuous
It is that type of opening that I cautioned against selling the gap last week and covering that short if the market closed above that gap– which happened last week. Now what — would not suggest that this is going straight to the moon and would expect more of a gradual two steps forward — one step back type of price action. For now, play the run on just a daily basis (not holding for an extended period).
