3309 Drysdale Ct
Edwardsville, IL 62025
SPX We now have 9 upside gaps from this year and 1 downside. I
don't have historic data on this, though I have tracked gaps ever
since I've been trading and the risk/reward is leaning for a bigger
rally at some point. From what level, ask the market. The downside
gap sits at 3,674 and I believe it won't hold in the long term. All
that being said, just trading what is in front of me. Certainly
good to be aware of though. Gaps have saved and made me a lot of
A simple observation in futures trading is that the more gaps to
the upside the more overbought is the market. 9 is a lot.
Yes on Supply - ES rallied right into SUPPLY near 3875 (posted
yesterday) and then reversed course on the news
I'm still ultimately looking for a move up into that gap at
3950-4020 area either from 3700-50 area OR after making new lows
around that weekly support zone.
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