Big Down Open Defeated Again « Market Montage

Unfortunately the big gap down was once more defeated as someone came in with guns blazing in the 40 minutes after I did the 8:30 post to get futures back down to very small losses at the open.   While still oversold on a daily basis the "emotional" type of down open that looked possible at 8:30 AM no longer is in play.

Now we will see if the dip buyers get punished, which could be a secondary way to create an emotional type of selloff.

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