Two of four gaps filled

NDX and SOX filler their upper gaps

Ref. last Thursday’s… Not in love with these gaps

While SPX and DJIA are still working on theirs, the market leader (Tech) and its leader (Semi) have filled their upper gaps. There are still lower gaps to be dealt with some day, but until this is a real and hysterical Fed-fear event that may come later. In order to remain constructive on the market I wanted to see these upper buggers eliminated. We’re getting that pre-FOMC.

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