Futures vrs etf Gloe(edit)
it is my understanding that the futures even the emini are a better proxy that etfs. With that said , an unfilled gap that goes 20 trading days tends not to fill until a major trend change , not just correction. An unfilled gap in the index futures that remains open for 20 trading days one month , historically has remained open for 2 more months , as it shows solid underlying strength. This is especially true with Naz futures.
Just a heads up. Also the naz certainly has had solid leadership of late , although that strength has come with narrow and narrower participation.
Wodofish
Edit , the fill time is by Nov 2nd , if it remains unfilled , should remain till year end anyway.
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