THE GAP

Markets are set to gap higher on the heels of higher European/Asian markets and maybe a revisit from the bull.

John Carter, in his terrific book did some testing for Thursday gap fills and the answer was the gap filled 82% of the time.

My guess is plunging volatility indexes and higher prices, but still opportunities to enter as the next stop may be SPX 1415, 15 points higher than where we will probably open and about a 50% retracement from the recent lows.