As of shortly before 8am ET, US equity markets are poised for a substantial gap up at the open. Dow futures are trading up +584 pts with the S&P 500 up 71 pts and the Nasdaq 100 futures up 175. As this streaming pre-market chart below shows, as of 7:48am ET, the SPY, QQQ & IWM are currently trading around yesterday's regular session highs. In both the QQQ & IWM, those reaction highs were, by no coincidence, the gap resistance that was mentioned here yesterday as the first key overhead resistance that the markets would have to contend with. Following that post, the equity markets (QQQ & IWM) continued higher until stopping cold on those gap back-fills & reversing after failing to surmount those levels.