I don't see any gap at 2705. Can you post a chart?
ES Journal - 2017/2018
- Thread starter Buy1Sell2
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Don't you remember? We were talking about runaway gaps in another thread:
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=spx&x=56&y=18&time=3&startdate=1/4/1999&enddate=10/4/2011&freq=7&compidx=aaaaa:0&comptemptext=&comp=none&ma=1&maval=9&uf=8&lf=2&lf2=256&lf3=0&type=4&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
On Th the market closed at 2705 and on Fr, the lowest SPX got was 2714, that is quite a gap left behind...
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=spx&x=56&y=18&time=3&startdate=1/4/1999&enddate=10/4/2011&freq=7&compidx=aaaaa:0&comptemptext=&comp=none&ma=1&maval=9&uf=8&lf=2&lf2=256&lf3=0&type=4&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
On Th the market closed at 2705 and on Fr, the lowest SPX got was 2714, that is quite a gap left behind...
Sure enough we bounced back up to 2758, then returned to finish the gapfill at 2705, probably tomorrow. Currently at 2742 after the close and still dropping.
I see what you are saying, but I don't pay any attention to those types of gaps. I only look at the ones where today's trading never traded in the range of the day before.
I did think about that second one after i pressed send, It is possible that it could have helped in the sell off. I do actually find that when more reasons merge together, the trade becomes more probable.
I see what your saying also about today's trading, never traded in the range the day before, but that's a you thing.
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