Friday, February 26, 2021

Tag: US Futures Poised to Gap Down on Coronavirus Scare: What Then?

US Futures Poised to Gap Down on Coronavirus Scare: What Then?

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by Mish Shedlock, The Maven:

US futures are poised to gap down at the Monday opening. Things can easily change overnight but this is likely to stick.
What is a Gap?

  • A gap up occurs when the market or an individual issue opens higher than the high on the previous day.
  • A gap down occurs when the market or an individual issue opens lower than the low on the previous day.

In this case, S&P 500 futures are at 3257 with the low on Friday at 3281.53.