ES Friday 8-1-2014

Yesterday's sell off created a late spike.
With a gap open to the downside, I will observe developing value.

Next week I'm off for a much needed holiday.

Good luck to all...

I like your decision to observe. I normally try to just capture the 1st high test and the 1st low test of the day, and I also decided to just "observe" today because of the large moves without retracements in the preceding hour.

Enjoy your holiday! And thanks for keeping the site going!

Thanks, ackwired.

With value now developing inside yesterday's range, I am starting to think long 1923.50