And I thought we wouldn't gap down! Will it fill? Odds say yes [see Quant Edges*]. I was once invested in a gap strategy 'fund' that just got absolutely smacked.
Adaptive parameters and tight money management are needed for that strategy to work over time (guess what they lacked, not to mention they kept their bet size dollar level even after significant losses - double yikes!). We did touch the very top of my next "zone" target (also last bear market lows, btw) and the Vix broached 80 this morning. We'll see.
8:50am Update: Was your profit target hit? Did you have one? Watch it now.
*Parameters not quite "filled", but you'll get the idea.
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