ES Journal Archive (2009 - 2010)

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If we are talking about using close price, we have a gap below at 1004.50, and above at 1027.50 and then a second gap down in a row this morning from 1020.75.

With two gap downs, the fact we have not had three down days in a row since this rally started, and the 1st tends to be an up day the bulls should be making a strong move once they let the daytraders go short. “Should” being the operative word, it would be nice to have something unexpected happen once.
 
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