Quote from Lawrence Chan:
Wed close to Thu low. RTH only.
The gap was not filled - only 2 pts below Thu low and bounced back. Very bullish short term.
Quote from volente_00:
Are you talking about apr 28 th cash close ?
I don't see it as bullish. I see it as a magnet for a reason to move to 1188. If bulls fail here, the h&S continues to play out.
Quote from Lawrence Chan:
Holding previous open gap + previous day low can imply a try to at least retest 50%.
The rest depends on the previous price zones if they turn into resistance or not.
Quote from NoDoji:
Chi PMI numbers didn't thrill the market, and I took a short position after a failure to break out.
Covered on the pivot from a deep overshoot of the lower Keltner. I totally spaced the Mich sentiment news and would never have put on this trade had I remembered it was coming. So although I'm happy with the end result, I'm not too happy with spacing out a news event. :eek:
This is likely my only trade today; have a long band rehearsal shortly.
Good weekend to all!