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5.28.2026 Thursday Premarket - Potential Gap Close

We have an opportunity to retrace and close the gap up over last weekend.

We closed Wednesday approx. at the gap up over the holiday weekend.  The aftermarket at 12:15EST during the Asian session tested the 50% retracement from the gap up over the long weekend.

(1) Momentum is continuing to stall
(2) We are getting some initial consolidation behaviors.
(3) Overnight action looks like its prepping for some deciding move as it tests the gap yet stays under the close.

Warning: This market does what this market wills. We could see it rip to the upside on anything. The market does not care about TA until it cares about TA.