Markets Gapping Down...
Added 2024-05-29 12:19:54 +0000 UTCWell, this is something we haven't seen in a while: market gapping down on no news so far this morning. $TNX $VIX is up, and Asia sold off overnight as well. What's the worry here? GDP tomorrow or PCE data? or big ol' nothing?
SPX has gap at 5269, 5251 immediate levels, and we will have a gap to fill back to 530 area. STO's are cooling off on the 4 hour and this is a great setup before data.
Watching to see if price needs to retest the 525/524 prior highs if it holds, great opportunity before data.
$QQQ gap to fill back up 459. Will hold my $AMZN $MRVL calls unless $AMZN breaks 180 again and goes lower than yesterday's low.
