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Sunday, January 17, 2016
A few possible exhaustion gaps
We have what could be possible exhaustion gaps here on these daily charts. I dont trade on these. I wait until the next candle to confirm that they they what I think they are.
Here on JNK daily we had a gap down white candle.
On the SPY we had a gap down white candle to the support.
On the VIX daily there was a gap up black candle which peaked above reistance then closed just under.
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