ES Journal - 2017/2018

[Buy1Sell2]

I wouldn't think we would fall much further than 2762 this morning.

I'll be looking for support in that 62 area as we are dropping into the 60's now.

 

[Buy1Sell2]

Consolidation of Friday's gains continues. A new base is being formed and may take a bit to develop. Later today and tomorrow, we could see nice gains.

 

[Pekelo]

What happened was on the 2 days/5 mins cash chart we reached the upper BB from were we promptly bounced back and closed today's gap.

 

[Buy1Sell2]

What happened was on the 2 days/5 mins cash chart we reached the upper BB from were we promptly bounced back and closed today's gap.

There was no gap today as the opening price today was included in yesterday's activity so it had been explored.

 

[algofy]

I really hope we don't have another 3 page conversation about differences in opinions about what a gap is.

 

[Buy1Sell2]

I really hope we don't have another 3 page conversation about differences in opinions about what a gap is.

I've just described it, so we should be good.

 

[Pekelo]

There was no gap today as the opening price today was included in yesterday's activity so it had been explored.

Boy, we already been here, and you keep being wrong about this. All 3 upgaps were closed on the same day in the last 3 days... And I already taught you how to look at gaps.

But I agree with Algofy so I will let it slide...

 

[Buy1Sell2]

When opening price is included in the prior today's price action, there is no gap. Many make the false assumption that just because closing price from prior day and opening price of present day are different, that there is a a gap. ---This is incorrect---

 

[Pekelo]

that there is a a gap. ---This is incorrect---

But there is:

Why don't you tell us about PRM instead?

 

[mtnrnr]

out net +1. (+4, +1, -1).

 

[Buy1Sell2]

I'll look at this a little later while this condolidation continues. Should be support right here or just slightly lower as indicated earlier. No Gap fill today, just normal pullback.