Gap down Short trap setup Prior to Black Friday Rally
What you see this morning is a setup to get newbies to short this morning gap down open. What will follow next is the experienced shorts will cover all day along ahead of Wed. & Black Friday. I been in the market for nearly 2 decades now and have seen such a setup numerous times and the vast majority of times the market has rallied up on the Wed. before Thanksgiving. So my advice to newbie shorts is to not get sucked in emotion today and overload on the shortside because the past history will be strongly against you today.