ES is currently testing a resistance trend line seeing in the daily Chart.
I'm looking for the ES to open gap down possibly 1237. MdP area then move up again to test that resistance trend line at 1246.00 or so.
O/N currently trading 1245.25 @ 23:08
Moving above 1247.00 will void the above.
BR
BruceM
Rep: 216,211
Posts: 19,895
I like to see a half gap fill in the first 45 - 60 minutes and also like to see R1 or S1 tested in the first half hour...nothings perfect though.....I don't "do" breakouts so if we start getting 30 minute closes below the ON high then that may be a good indication to get short and try for 1/2 gap and gap fill today
so far , no doubtthe bulls r winning
so far , no doubtthe bulls r winning
Originally posted by optimusprime
when do gaps become insignificant? 1/2 gaps? Your help would be greatly appreciated.
LO
Lorn
Rep: 16,037
Posts: 1,406
Bruce could you call you friends at the exchange and tell them to quickly run them trips down at 37.75. Thanks!
NI
NIGEL68
Rep: 280
Posts: 34
Hello KB!
I am so glad to see you back posting! looking always for your posts!
Please keep posting, love your strategies and tools!
Diana
I am so glad to see you back posting! looking always for your posts!
Please keep posting, love your strategies and tools!
Diana
Originally posted by koolblue
Click image for original size
BR
BruceM
Rep: 216,211
Posts: 19,895
ok..but first we need to clear up the 47.75....today ..hopefully....
Originally posted by Lorn
Bruce could you call you friends at the exchange and tell them to quickly run them trips down at 37.75. Thanks!
BR
BruceM
Rep: 216,211
Posts: 19,895
oopps ..that's 47.25....also triples near highs and multiples at the 48.75 lows....the problem with longs in general and this low volume is it will only take a day or two of increased volatility to wipe out all failed triples....on the downside.....
a perfect hit into the key 50 number to the tick with volume diverging but that high is still suspicious....I'm still using 50 - 52 as the real key area up here
a perfect hit into the key 50 number to the tick with volume diverging but that high is still suspicious....I'm still using 50 - 52 as the real key area up here
I1
i1hunter
Rep: 1,730
Posts: 268
I'm targeting up to R2 1251.75. and possibly 1252.75. (1.618 at 1252.75)
So far today's 50% from intraday range is at 1247.50. I think that If was to retrace, it will find support in that area. If not my 2 runners will be stop out at 1247.00.
So far today's 50% from intraday range is at 1247.50. I think that If was to retrace, it will find support in that area. If not my 2 runners will be stop out at 1247.00.