The safest sell order is at a price at the top of the gap, which is not likely to be filled the first time the price moves into the gap area. If the market is trading below the gap, the gap is an area of resistance, meaning the closer the price comes to the gap, progressively more sell orders will be encountered, “resisting” the uptrend of the price.The technical significance of a gap is that: Later in August, December corn “ gapped higher.” Take a look at the chart below with boxes around the two gaps: Note the low on the July 10 was 1¾ cents higher than the high the next business day, July 13. On Friday, July 10, 2020, December 2020 corn traded a low of $3.43¾. On Monday, July 13, 2020, that contract traded a high of only $3.42 as the market “ gapped lower.” The lowest price of one trading day is higher than the highest price of the next trading day.The highest price of one trading day is lower than the lowest price for the next trading day, or.White House officials have repeatedly called for a long-term budget deal instead of stop-gap measures, such as the provision President Obama signed on Thursday that extended funding for two weeks, until March 18.One of the technical indicators of significant value is a “ gap” on the daily price chart of vertical bars showing the high and low price range traded for each day.Ī gap is created on the daily price chart when: announced late Friday night that she and other House Democratic leaders were introducing a stop-gap measure that would extend government spending at current levels through March 31, in case both chambers aren't able to hash out a resolution by March 4, the date government funding is set to expire. Meanwhile, Minority Leader Nancy Pelosi D-Calif. Partisan Divide Continues on US Federal Budget 2011 Last week, Congress averted a government shutdown by enacting a stop-gap spending measure that funds federal agencies for a two-week period. Boehner R-Ohio had previously announced that he would not accept a stop-gap measure, meaning the move does little to decrease the possibility of a government shutdown.Īfter 90 hours of debate, House nears completion of government-funding measure 2011 Nancy Pelosi: 'I'd rather not speculate' on funding cuts Felicia Sonmez 2011 declined to say Thursday whether House Democrats might support a stop-gap government funding resolution that cuts spending below current levels. House Minority Leader Nancy Pelosi D-Calif. "The most likely outcome is that we will go into the election under a continuing resolution," said Joe Minarik, a former White House chief economist under Clinton, referring to a stop-gap spending measure that keeps the U.S. Wall Street Set to Act on Default, But How? Matt Phillips 2011 debt rating "extremely exposed to a damaging downgrade." El-Erian said in an email that the "political ground is being prepared for a short-term stop-gap compromise" that probably will push stocks and the dollar lower and leave the U.S. Indeed, euroland's policy makers might not even be capable of devising short-term stop-gap measures to give the overly indebted countries a bit of breathing space so that they might, only might, find a path that leads away from the insolvency road down which they are headed.ĭefault, Get Thee From My Euroland House Irwin Stelzer 2011
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