_______________________
The tight consolidation, in the form of an ascending triangle, that I alerted you to yesterday has indeed resolved higher today. There is now an issue of an unfilled gap (which you can see above), as most gaps do, in fact, get filled. Hence, they are referred to as “common gaps.” There is also the possibility that we are witnessing a breakaway gap to the upside after the recent consolidation, which would obviously be very bullish, since they do not get filled anytime soon and usually portend a powerful trend. However, they usually need to occur on heavy volume to confirm, and we are not seeing that yet today.
