leary of a gap fill
Quote from apex82:
watch 1450 area if the most recent lows of yesterday are not taken out. Possible lower level 5 wave completing there which could bring it back down to the 1433 area for a MINIMUM target. Cyclic pattern for market to rally into employment report and then decline the following week. Watch the last half hour or so to watch for the smart money move in the afternoon. If you see a big move in the last 15 minutes, even 15 after the standard close to the upside very high odds of a gap to the upside tomorrow. Also watch 1437.50-1435.50 for possible support below the market.
For the Er2 traders, really nice Resistance zone in the 810-812 area. It will not be broken today.
Quote from apex82:
For the russel traders WE HAVE CONTACT with the zone Typically in bull moves it will move to the outer extreme. will not be violated until a mvove above 814. This is a key zone. You may want to wait for some conf before throwing a short out.
Quote from apex82:
Poetry in motion... moved into a minor s zone they may try to run the stops above and retest the highs. Im looking for a move down 805.60 before I take some more out.