Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Complete lack of follow through the past few sessions here. Â Thursday market closes below some key trendlines on a 30 minute intraday chart, gaps up and runs all day and closes on the high. Â That is greeted by a gap down Monday morning and weakness all day to close at the low. Â That is greeted by… a gap up. Â Certainly becoming a much more tricky situation. Â We’ll see if this gap can hold through the 10 AM ISM Non Manufacturing data.
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