The markets opened gap down and as expected an OAOR type of open played out.
Read about open types in the glossary section as it is an important indication to OTF activity in the markets.
Today's quite open could have been for the GDP news later in the day, but an important clue we follow after gap ups or downs is continuation in the direction of the gap.
There was none today, which meant that the seller wasn't aggressive enough and had kept the door open for the buyer to come in. After that it was a case of watching vwap and IB high for long trades.
