AntaresScorpius
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The gap at the opening on Sunday night confirms the strength of the downtrend. It appears to be a breakout gap. These gaps often fail to close for weeks or months, as they indicate a violent shift in market sentiment. The gap acts as massive psychological and technical resistance. Sellers are defending that level. In short, the failure of the gap to close means it will remain open at least until there is a counter-catalyst strong enough to reverse the trend.
