Sunday, January 10, 2016

NDX100 Gap @ 4267 closed Friday; where to now.......3678?

NDX100 Weekly Chart @ Close 01/08/2016
Given the start to the Year & a near Record # of 'mulligan' markets together with the speed with which markets are moving; it's worth mentioning that pesky GAP from way back in mid- 2014 @ 3678......do we Fill it on this 'descent' or Fill the one above @ 4592.88 before the Main Show unfolds???
Ground Zero remains the 9:15am CNY Fix Monday; perhaps a Plaza Accord arrangement with some CB EURO & JPY Buying amid a serious USDCNY 'fix' beginning with a 7 would 'antacid' markets?