HUI, 1 Gap Down…

How many more gaps to go?  The thing came within 1.89 of the general target (275).  Today it’s dropping to fill a momo gap.  There could also be more momo left on the upside (allowing for 280, 290 ish) but… how many times have I written the jargony sounding ‘momo’ lately?

It’s an unhealthy market right now from a sentiment standpoint.  What has created the last 2 gaps at least is panic buying.  One of them got filled and now we will see what happens.  But a look at GDX does not show any sort of high volume reversal so this could just be a one or two day hit.


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