Gap up along the Friday's high, so not sure if the gap will be filled or not. Key time, because it can be seen as the revisit of the previous high therefore 50 to 50 chances of reversal here. Bears need pray for no decisive breakout.
From the Global ES though, this look like a consolidation before a breakout and this is why I said bears need pray here. Well, let's see.
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I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?
I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?
Thanks.
We all tend to do it on Wednesday/Thursday 7th/8th, prices tend to be skewed afterwards.
Last edited by uempel on Mon Dec 05, 2011 10:23 am, edited 1 time in total.
The DAX does not have a higher high on the daily. It would suck if we rally to give them that higher high. The Nikkei & India rallied a little from their open. The Hang Seng dropped a little.
the open, way too stretched so should be a pullback of some kind first the we'll see.
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I'm short some contracts of /ESZ1. If I want to maintain my short position and want to "roll over" to the March '12 contracts, should I just close out my current position and open new positions in /ESH2?
Thanks.
We all tend to do it on Wednesday/Thursday 7th/8th, prices tend to be skewed afterwards.
just as a follow up. i'm out of my long /CL trade, my long Eur/USD trade, and my long USO trade as of this morning. oil looks to be cresting, and either we'll have a decisive break above 103, or else we will have put in a double top. for now, i will wait to see what the market decides.
as i said on cobra's board earlier, it's too bad that i put in a short SPY position. i was regretting it over the weekend, and certainly regretting it this morning.
Working on the 4th monster gap in last 6 sessions (5 out of 6 gaps higher). Consider this, last week the SPY gained $8.52 of which $7.99 happened on the gap or 94% of all gains were done in the pre market. Goold luck to all. I shorted the open, expecting at least a partial gap fill. Just playing small dollars though.
SB73 wrote:Working on the 4th monster gap in last 6 sessions (5 out of 6 gaps higher). Consider this, last week the SPY gained $8.52 of which $7.99 happened on the gap or 94% of all gains were done in the pre market. Goold luck to all. I shorted the open, expecting at least a partial gap fill. Just playing small dollars though.
i think SPY will have to come down to around 126 before bears can possibly hope for a gap fill. right now it's flirting with Friday's high's at 126.50.