i think we fail at 45-46 area
but that gap is still above
but that gap is still above
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Good move.
No positions for the moment, as it is not apparent where this is supposed to go.
Down gap with day's low made right away. Higher lows since then. That's bullish.
Market bounces off of S1 and goes back into congestion. That's not bullish.
Market closes up gap made on Feb 12. That's bullish.
Weak bounces off of lows, with pathetic volume and no strong evidence of accumulation. That's not bullish.
There is an overhead gap waiting to be filled, and morning lows to be tested. Until then...
45 then where......
close the gap
depends on buyer commitment to push through 45
Ascending triangle
close the gap
depends on buyer commitment to push through 45
Ascending triangle
ES games can coincide with retests of zones and channels...
mid 50's on the 60 minute channel.. possible..
but overall bearish trend down... to 1280 and lower.
mid 50's on the 60 minute channel.. possible..
but overall bearish trend down... to 1280 and lower.
Yes, there is an overhead gap, and overhead gaps are often filled.
But larger ones are filled less often. This morning's gap was a large one.
Since early this morning there has been an ongoing attempt to fill the gap. Higher lows, so far. Higher highs for a while, but no more. Higher lows + lower highs = congestion.
The longer the market churns like this, and the longer the gap is not filled, the more likely at some point this afternoon there is going to be a collective surrender, and they're going to take them down.
But larger ones are filled less often. This morning's gap was a large one.
Since early this morning there has been an ongoing attempt to fill the gap. Higher lows, so far. Higher highs for a while, but no more. Higher lows + lower highs = congestion.
The longer the market churns like this, and the longer the gap is not filled, the more likely at some point this afternoon there is going to be a collective surrender, and they're going to take them down.
Target one complete
if push above 50.25
gap fill
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