Gap up from Tuesday (07/13) filled (exactly)
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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es channel (my data may be a bit off though: IB data). 60m all sess data
Not yet. That's just the ES gap, not the 4 pm close gap.
It is more like a test of that day's high only.
I would call it a gapclose. Without looking up the exact close, I thought around 1080 cash was the gap, and we reached 80.5, so for all practical purposes, I would call that gap filled...
Edit: OK, I looked it up, cash close was 78.75, so today's 80.5 is less than 2 pts left...I did mention earlier that 1-2 pts are not really gaps, they are just cracks....
Closing the gap, thus testing previous week high, has a bigger implication relative to just gap fill or not.
Just that they are around the same price is telling us that someone wanted the market to go higher badly.
As long as previous week high is holding up as support the bullish bias stays for the coming weeks.
Perhaps a second gap lower?
looking to short 1082.75
DEMTDAYBOYZ can smell 86-87
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