Tuesday, May 26, 2020 12:08:50 PM
gap and trap (mild)
risk on would be
gold up , dollar up
so no risk on right now
the chalk was
short overnight high weakest NQ (65% probable but higher since 2 gaps)
but since no gold buying, internals decent this is just gap absorption
not new sellers. we stopped with a poor high and no excess high
so auction not done
put call ratio tame so bears sleeping
risk on would be
gold up , dollar up
so no risk on right now
the chalk was
short overnight high weakest NQ (65% probable but higher since 2 gaps)
but since no gold buying, internals decent this is just gap absorption
not new sellers. we stopped with a poor high and no excess high
so auction not done
put call ratio tame so bears sleeping
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