Gap down but within yesterday's range plus any gaps (no matter up or down) after a Major Accumulation Day got filled the same day, so chances are the gap may get filled today.
I don't see anything scary on Global ES, at least it's still above the breakout point which can be seen as back test, so let's wait and see.
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biotrader wrote:G'morning Cobra! Buying opp this morning?
will have to wait for the open to see, after all, the gap is not small.
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morning guys. 85.38 gap is holding on /cl which means we'll most likely get up to yesterdays close @ 87.88 at some point today. i imagine we will be closely correlated to the /es and it's gap fill @ 1201.25
FYI..The Dorsey Wright Point & Figure are showing some little greenshoots..The NYSI is turning up..The NYMO is going up..The Vix Dn a little..The UTIL and other index's are holding.The mkt may still go to 1220/25 befor a dn turn.Could even go higher who knows but right now things look a little better for short term.Lets wait and see.
found support again at yesterday's low. Not sure the direction, let's wait.
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oldpigwang wrote:Cobra Da: Do you think ES will retest night low?
we're pretty much around the night low ha.
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