Yesterday, there were a few things pointing to the upcoming reversal:
1) Bitcoin was up by 1 pm;
2) 30YUS yields widened by 3 pm;
3) Sectors reversed.
4) S&P500 had this gap down that statistically needed to be closed
Does this beg the question do gaps always close in stocks?
When a stock price gap is observed, by a chance of 91.4% it will get filled in the future.
In layman’s word, 9 in 10 gaps get filled; not always, but pretty close.
And that is exactly what happened on Monday, January 24th.
See this 5-day chart illustrating how the S&P500 gap got closed in the late afternoon.

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