Technical and Gap Trading 101

SPU…(H) 1221.50 is the top of the recent pit gap…Levels like these are generally, high percentage directional traps the first time in. You saw the big rebound off the area last night to re-test the reversal close of 1244. Then another level price rejection.

Gold…same type of price action with a re-test of 1724

Euro…the moving avg line that has been capping the rallies for the past 2 weeks comes in today around last nights high of 134.30

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