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Cobra wrote:Small gap down within yesterday's range, plus it's the next after a Major Distribution Day, so chances are the gap will be filled.
The Global ES is a t a critical point, as you're all familiar now, anytime revisit the previous extremes, there's a chance for reversal, so if cannot decisively break below yesterday's high or even cannot make a lower low, then the low was in at least for the short-term. So let's watch the blue line below closely.
Yes, you're right.q2model wrote:Cobra wrote:Small gap down within yesterday's range, plus it's the next after a Major Distribution Day, so chances are the gap will be filled.
The Global ES is a t a critical point, as you're all familiar now, anytime revisit the previous extremes, there's a chance for reversal, so if cannot decisively break below yesterday's high or even cannot make a lower low, then the low was in at least for the short-term. So let's watch the blue line below closely.
You mean "so if cannot decisively break below yesterday's LOW" not "so if cannot decisively break below yesterday's high ", right? Thanks
Cobra wrote:the open.