Over the weekend, significant slippages occurred, creating a serious risk of a gap on CME futures at the start of the week. History shows that small price gaps are often closed during the weekend, but the current situation could develop differently. If the slippage can be recovered and the market turns upward — and the probability of that is low — the moving averages of the major assets will take on a characteristic curved trend shape, which usually signals an explosive rise. In such a case, an aggressive buy-up of the current lows is possible.
Shorts, you made good profits from the recent slippages, but bulls may still organize a powerful buy-back rebound and challenge your conviction. Nothing personal — just market reality. Happy trading!
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Over the weekend, significant slippages occurred, creating a serious risk of a gap on CME futures at the start of the week. History shows that small price gaps are often closed during the weekend, but the current situation could develop differently. If the slippage can be recovered and the market turns upward — and the probability of that is low — the moving averages of the major assets will take on a characteristic curved trend shape, which usually signals an explosive rise. In such a case, an aggressive buy-up of the current lows is possible.
Shorts, you made good profits from the recent slippages, but bulls may still organize a powerful buy-back rebound and challenge your conviction. Nothing personal — just market reality. Happy trading!