Fading Gaps After Two Days of an Unfilled Up Gap

In yesterday’s action, the ES market failed for the 2nd day in a row to fill the up gap that we had seen over the weekend. Let’s take a historical look at what the market tends to do when we have a two day unfilled upgap from the previous weekend. Is the market more likely to continue back down to fill or do we extend to a 3rd day?

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