Tag Archives: outside day

Market rallies after gap open lower

Rally after a gap open lower results in an outside day to the upside.

rally, pullback low
Rally after gap open lower results in an outside day to the upside

Price one timeframed higher for the first ten periods before balancing above 2809.50. Acceptance below that level could target some of the multiple anomalies and single prints in the poor profile structure below. Opening within the upper balance could target the poor high, where balance trading scenarios could apply – look above or below balance and accelerate/find acceptance at higher or lower prices, look above or below balance and fail (targeting the opposite end), or remain balanced.

Although higher than the prior day, NYSE volume was just over 3 billion shares, usually not indicative of a strong market rally.

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