Stocks Likely to Close the Gap

With the trade war escalating, stocks are likely to continue their slide. Investors world wide were hoping for clarification on the trade war, but what they received was an ambiguous tweet that was later deleted. China appears ready to escalate, which should add to the tensions and risk off tone.

Stocks are very likely to close the gap down to lower levels, through the vacuum zone. The Kovach Momentum Indicators have waned a bit, but momentum is likely to pick up closer to open. After testing 2837, it is likely that they will slice through this level if fear persists.