Price got its ‘traditional’ job’s day reversal, but the largish gap has relatively low odds of complete closure, which get even worse for holds through the close according to the ETF Rewind Gap tab. While we are oversold on a daily bar basis, internals remain weak at best intraday. That said, it is quite something to see the VIX down as much as it is on a day like this (even if it is a Friday!).


[Temp Chatroll Link]