The ETF Rewind gap tab forecasted today’s action perfectly. Today’s gap was ranked Gap Up 5 with a 45% chance of filling and with today’s low right around Friday high. Early on buyers worried about weak economic reports, but came back strong at the close. Even though the volume is hard to compare vs a pre holiday Friday, could this be the follow through day the bulls need? We are right back in a v shaped pattern of having four straight positive days in a row after much worrying during the last week of May.
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