S&P500 HUUUGE Overnight Gap

I just woke up this morning with the gut feeling that there's something wrong and my feeling was right - the stock market average S&P500 opened with a huge 25pts overnight gap. The bulls are raging this morning, don't stand in their way!

Now I'm glad that I closed my short position on the end of Friday's session, I was gonna get badly surprised, should I had left it. Greed is not good, greed is bad (take this, Gordon Gekko!).

Short SPX here and now, target new lows. Rock n roll.

— Petko Bankoff (@5koFX) November 4, 2016

Moving the SPX short stop to BE now and going out to a bar to meet some people. See you guys mañana. You're welcome. Cheers!

— Petko Bankoff (@5koFX) November 4, 2016

Alright, taking profit on the short position, this is as far as it will go down today. 10pts for an intraday scalp is enough I am not greedy

— Petko Bankoff (@5koFX) November 4, 2016

Risk was 5pts by the way so the classic risk/reward of 1:2 is good enough for me.

— Petko Bankoff (@5koFX) November 4, 2016

P.S. I remember the times (good ol' times, when the markets were still operated by real people, not dumb, soulless machines, and when trading was a fair game of skills), when there was this broad, unwritten agreement between traders, that all gaps shall be closed. Unfortunately, these times are gone now, so I wouldn't advise anyone to fade this gap, moreover, there's the US elections tomorrow. Anyway, I am on watch for signs that Mr. Market is in the mood for closing the gap, so the short button is at one finger distance to me.