A 15% correction from the highs comes in at 4,095. There is the
4,020-34 gap as well. I'd say that is capitulation if we could make
it in there somewhere, particularly where we have come from in this
down wave. I would consider selling hedges down there.
For sure. My thought is that it won't go that low and the gap
will be protected on this wave. It will fill after a rally down the
line if it is going to.
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Looks like a bear flag.
Posted by johnny2012 on 2nd of May 2022 at 07:49 am
Looks like a bear flag. Measures down a good bit of it plays out. Es futures
A 15% correction from the
Posted by fundamentalvalues on 2nd of May 2022 at 07:58 am
A 15% correction from the highs comes in at 4,095. There is the 4,020-34 gap as well. I'd say that is capitulation if we could make it in there somewhere, particularly where we have come from in this down wave. I would consider selling hedges down there.
Agreed. I have my buy
Posted by johnny2012 on 2nd of May 2022 at 08:03 am
Agreed. I have my buy to cover order at 4021 as of now. Just gonna watch it. Anything can happen with any news.
4020s looking very possible today
Posted by johnny2012 on 2nd of May 2022 at 02:45 pm
4020s looking very possible today on ES futures
For sure. My thought is
Posted by fundamentalvalues on 2nd of May 2022 at 08:08 am
For sure. My thought is that it won't go that low and the gap will be protected on this wave. It will fill after a rally down the line if it is going to.