ES Journal Archive (2009 - 2010)

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Quote from volente_00:

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.

I agree.

One question I do have though is will Michigan Sentiment drag it down first.
 
Yes, look how many unfilled double gaps we left behind us in SPX during last months. In SPY I see one example confirming rule where it was not 100% filled, just almost filled.

Ammo, it was filled out of RTH. We can repeat it, quite probable scenarion, but gap will be no more as magnetic as "virgin" one.
 
Quote from Pholeuon:

Yes, look how many unfilled double gaps we left behind us in SPX during last months.

None? Maybe one?

By the way thanks to the moderator for deleting my post, where I actually made an important point... Anyhow...
 
Quote from Pholeuon:

Yes, look how many unfilled double gaps we left behind us in SPX during last months. In SPY I see one example confirming rule where it was not 100% filled, just almost filled.

Ammo, it was filled out of RTH. We can repeat it, quite probable scenarion, but gap will be no more as magnetic as "virgin" one.
agree, but a lot of times the ah es stops 3 points under or over spx res/supp then rth repeats in spx
 
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