I don't count it as a gap fill. They'll be back to fill it.
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Trading opening gaps - is it a viable strategy?
- Thread starter trendisyourfriend
- Start date
I don't count it as a gap fill. They'll be back to fill it.
Which? Yesterday?I don't count it as a gap fill. They'll be back to fill it.
Which? Yesterday?
The one at 3803
You must be talking yesterday's 400pm stock market close?The one at 3803
If so, why would you use that time as any kind of marker for the futures market? eMini close doesn't happen till 500pm EDT
You must be talking yesterday's 400pm stock market close?
If so, why would you use that time as any kind of marker for the futures market? eMini close doesn't happen till 500pm EDT
Because those gaps matter for regular trading hours, which is often relevant for SPY and thus ES.
Edit: And the close is the 4pm close from July 13.
Ok well I was referring to trading eMini gaps. Though I realize that is not what OP was asking.Because those gaps matter for regular trading hours, which is often relevant for SPY and thus ES.
Edit: And the close is the 4pm close from July 13.
But don't know how we got to two days ago, when my screengrabs were for yesterday and today?
There is a clear demarcation between RTH and after/pre market volume. There is a similar demarcation during RTH sometimes referred to as lunchtime.
Traders choice to acknowledge or not, undeniable changes in trading environment.
Traders choice to acknowledge or not, undeniable changes in trading environment.
%%There is a clear demarcation between RTH and after/pre market volume. There is a similar demarcation during RTH sometimes referred to as lunchtime.
Traders choice to acknowledge or not, undeniable changes in trading environment.
TRUE; but post[after 3:00 CST] market volume is so light prices jump around strangely.
A few times, huge buy post market volume will help gap up SQQQ+ SPXU, which he mentioned.
But those are inverse ETFs, so even that would be mostly for bear markets.
SQQQ, TZA,SPXU ,SDOW\gapped down today but still up nicely for the week; looks likely weekly close will be positive% for those-20 minutes 'till close[RTH]
%%
TRUE; but post[after 3:00 CST] market volume is so light prices jump around strangely.
A few times, huge buy post market volume will help gap up SQQQ+ SPXU, which he mentioned.
But those are inverse ETFs, so even that would be mostly for bear markets.
SQQQ, TZA,SPXU ,SDOW\gapped down today but still up nicely for the week; looks likely weekly close will be positive% for those-20 minutes 'till close[RTH]
Volume is zero-based.
It is wrong to conflate high(er) volume with increasing prices and inversely, it is wrong to conflate low(er) volume with decreasing prices.
%%Volume is zero-based.
It is wrong to conflate high(er) volume with increasing prices and inversely, it is wrong to conflate low(er) volume with decreasing prices.
Conflate mean to bring together LOL; you cant have any price with out volume.
Dont confuse my preference for a requirement; that is a wrong assumption on your part. + its a matter of public record with me= prices goes up or down with or any kind of volume.
In other words, post market is irregular market, regardless of whatever post irregular market volume is .
Sounds like you are confusing the word conflate with preference or requirement , that's wrong; i did not limit it to any increase in volume , that was simply mentioned.
But good reminder on my conflate of price + volume position.