I thought we had this in January. NDX gapped over an area somewhere around 1045 on the way up (no time to look it up right now), and then gapped down over it from 1057-1041 on the way down to 938. It was eventually filled this month after the March 12 low.
in edit: i dont mean equal to today, but a 1.5-2% variety day.
now that you mention it, i dont remember seeing such a small island (time wise) either. it is odd. the war is heck on TA and turnips. i sold my long fund for a pittance last night and now its up 7% today as i felt the likelihood was better for down but i didnt want to short it at those levels.
i will most likely respect this pattern and wait for the follow thru day on trs or fri that should be about equal to today and then get short. i will not attempt to play it long despite my firm belief that it will happen.
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