Gap up open, within yesterday's range, so chances are high that the gap will be filled and the day could be a range day. My feeling is the Global ES looks like more on the upside...
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the open. remember the Phantom bar I pointed out yesterday? Yeah, we're there now.
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gabor wrote:Cobra, do you see the potential expanding triangle pattern in the daily sp500 chart? This could be a continuation pattern for the uptrend.
I don't see.
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HK88 wrote:Bernanke speech today @3.45 pm ET, info only for those interested
what can he say other than printing more money? Look at US$ now, drop like a stone.
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Cobra wrote:the open. remember the Phantom bar I pointed out yesterday? Yeah, we're there now.
I believe you have misinterpreted it.
I know you consider it as resistance which I agree.
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Today's cycle high is 10:30 EST and the cycle low is expected at 13:15 EST. These cycles have been working. Let's see where the market is at 10:30 EST.
Theoretically, could be a burst to the upside into 10:30, followed by a gap fill and a new low by later today to get pos divergence, and a rally into the close. But, the top cycle at 10:30 could be blown through if it's a trend day.
Last edited by cletus on Tue Jun 07, 2011 10:07 am, edited 2 times in total.