Why the New Week Opening Gap Signals Bearishness

And then here is Sunday's opening by contrast and Friday settlement price.

So that's our new week opening gap. So we trade up in the lower quadrant of that daily volume balance pseudo gap.

It trades to the lower quadrant and then breaks aggressively, trades back through the new week opening gap.

Notice that once it traded through it to the downside, it only found its way to finding a retest to the low of the new week opening gap or Friday's close.

It didn't have any interest at all in trading into the consequent encroachment of the new week opening gap.

And then it traded lower. Does that indicate bullishness or bearishness?

Exceedingly bearish. Why? Because it's not even interested in revisiting the midpoint or consequent encroachment of the new week opening gap.

Notice that?