It is the obvious play. It has worked over and over again. To go long into the weekend and wake up to a nice fat gap up on Monday. We got the usual weak shorts covering before the weekend. I am looking for a weaker open on Monday.
I'd say we have a head & shoulders pattern on the Hang Seng Index. Monday, I expect a further drop. Therefore, I believe we (the US) will gap down on Monday.
I'd say we have a head & shoulders pattern on the Hang Seng Index. Monday, I expect a further drop. Therefore, I believe we (the US) will gap down on Monday.
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