Key to a up trend day is that the opening range is taken out and then the mkt hold at the top of the opening range early in the day.
The opening range top is RTH R1 at 904.25
ES Journal Archive (2009 - 2010)
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Key to a up trend day is that the opening range is taken out and then the mkt hold at the top of the opening range early in the day.
The opening range top is RTH R1 at 904.25
10:30 crew wants to kill the adu
Market View: S&P 500 notches fresh high, approaching Wednesday peak (906 +3.5) -Update-
Limited pressure this morning with the S&P holding above support noted in The Technical Take at 898 (session low 899) before bouncing in recent trade leaving it modestly under Wednesday's high at 910 (session high 907.26). Important resistance above is at its 50 day ema and the Dec recovery highs (915/918).
Limited pressure this morning with the S&P holding above support noted in The Technical Take at 898 (session low 899) before bouncing in recent trade leaving it modestly under Wednesday's high at 910 (session high 907.26). Important resistance above is at its 50 day ema and the Dec recovery highs (915/918).
If 900 is breached, gap fill down below
Not just the future gap today, but the one way below too.
So the obvious target is 912-13 then
I don't see it...Extreme buying still ... very interesting.
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