ES Journal Archive (2011)

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Quote from iloveoptions:

Hi LF,

I see 1165 -61 area as very good support, till it ain't. I will start building a long position from 65.75 . Two other adds will be waiting at 1156.75 and 1152. Keeping my fingers crossed it doesn't crash below 1150 :)
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Looking to exit one of those positions at 1179.25
 
How likely is it that the 19 point Globex gap will not be filled? I have not seen a Globex gap up or down recently that has not been filled. As of this post, the ES is only up 5.50 since it opened at 6 PM EST. Woowoo, the Sunday night crowd is get rich!!!!
 
Quote from ActiveTrader07:

How likely is it that the 19 point Globex gap will not be filled? I have not seen a Globex gap up or down recently that has not been filled. As of this post, the ES is only up 5.50 since it opened at 6 PM EST. Woowoo, the Sunday night crowd is get rich!!!!
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ES is currently 10 points above its Sunday evening open and close to 30 points above Friday's close. Gaps of this magnitude generally do not fill right away. Moreover, it has yet to fill the gap open left from October 7th--not sure whether or not that fits your definition of "recently"--but the apparent double-rejection of price at that level can reasonably be considered significant.
 
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