If we gap up it would most likely be an exhaustion gap
Vix forming a hammer QQQ and spy now Outside of daily bbands 300 is my target
Note
Although QQQ closed its gap at 310 at 10:30 am , the IXIC or Nasdaq still needed to push a little higher to close its gap at 12,263 at 2pm: that led to a higher melt up
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