A follow-up to my earlier post.

I said earlier that where there is a gap (I meant open-close gap) of 4% to 8% I expect a trend day if at least 50% of the gap is not closed in the first hour. However, as with all of my ideas, this behavioural parameter (set-up) is driven by context.

Early indications are we’ll have an open-gap of about 4% today - and this brings me to the reason for this entry.

For reasons I’ll explain tomorrow, whether or not the gap closes today, I’ll be looking for a rotational market. In turn this means that I’ll be less aggressive, looking to initiate shorts at my resistance levels.

In the meantime, you may want to consider: what is it about today that is different to yesterday?

Refer this blog post to a friend or colleague…