Yesterday's Close?

Rams Fan said:
Each day of the week is different.

Thursday gaps are most likely to fill that day.

Monday gaps the least likely to fill that day.

During a bull market, gaps down will fill at a significantly higher rate than gaps up, which may never fill.

During a bear market, gaps up will fill at a significantly higher rate than gaps down.
More...
%%
GOOD, many months are different\ SEPT usually down in SPY\QQQ[DOW 30];
noticed a difference in SPY selling hard below 50dma, even when its above 200dma=bull market.
MAYbe not be as good a downmoVe as SPY down move\down below 50dma in APR:caution::caution:
barchart.com has a 48% buy on ES; 72% buy on SPY/72% buy on SPXL\72% sell on SH.
Measure everything in sight............................................
 
Thank you everyone who responded to my question. There were/are some good takeaways for me. Right now ES is at 5230. Yesterday's close is 5212. 18 points down? We shall wait and see.
 
PennySnatch said:
Thank you everyone who responded to my question. There were/are some good takeaways for me. Right now ES is at 5230. Yesterday's close is 5212. 18 points down? We shall wait and see.
More...
That ship has sailed.

It already traded during 1st 30 minutes of today's RTH session below yesterday's settlement and close. Then trade back above.
 
Rams Fan said:
There are actually two closes to monitor, the RTH close, and the Globex close.

For ES, you might want to monitor the SPX close and whether it fills its gap.
More...
%%
EXactly;
but I sometimes use more = ES or UPRO as a benchmark.
SH open + close , but that's inVerse of SPY, close + open, not just open $$.
An inVestor may want VOO/lower fees/ but worse liquidity....................................:D:D
 
You must log in or register to reply here.
Back
Top