I don't think the gap at .12 needs to be filled, and I don't know if the MM's really want to push it that hard.
For the short term, .20 seems to be holding, but that just may be people guessing bottom.
Traders never usually catch bottoms or tops because the need the charts to establish each, so say .20 was established, I may have to wait for .23 to buy...don't know if you understand that or not.
The day is still early and the 3 minute is topped out as I am writing this, so I'm expecting another test of the .20...this is where patience is tested.
I am still not comfortable taking a position yet, but watching closely now.
I would love to see another test of the bottom and then my comfort level would increase dramatically.
MS
