ES Journal Archive (2009 - 2010)

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Quote from Pholeuon:

This is first gap. There is no open gap above us just what we are making now.

However I believe long trade that you make is correct and target 1204 you will get. 1210 - if you will get 1210 you can get some more I think.
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Wednesday's close was 1214 ... never saw that in RTH yesterday. Yesterday's close was 10.50 ... I believe that is the 2nd gap he's referring to.

Good trading.
 
Yes, but it was closed, they were left just 2-3 tick. Gap like this one can be considered closed. Moreover at SPY it is closed completely and thats what is important. For all practical purpose there was not any "magnetical" gap above us.

Quote from tomahawk:

Wednesday's close was 1214 ... never saw that in RTH yesterday. Yesterday's close was 10.50 ... I believe that is the 2nd gap he's referring to.

Good trading.
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Quote from Pholeuon:

Yes, but it was closed, they were left just 2-3 tick. Gap like this one can be considered closed. Moreover at SPY it is closed completely and thats what is important. For all practical purpose there was not any "magnetical" gap above us.
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I don't mean to argue but the SPX cash gap left unfilled was a full 3 points, and the Dow's was 30.

We can agree to disagree. :)
 
Quote from tomahawk:

I don't mean to argue but the SPX cash gap left unfilled was a full 3 points, and the Dow's was 30.

We can agree to disagree. :)
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SPX gap holds more weight than ES.


I think if we hold 1202-1204 cash then we can rally to fill the gap above at 1213 spx and then take a shot at 1218.
 
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