/ES follows the Asian markets overnight then tends to track the
Dax/FTSE in the early morning. Those markets are unlikely to rally
hard following a day like today. They are much more likely to
continue falling. /ES then becomes the guide price for the SP500
open. What happens after that is another matter, but a gap up at
this point would have to be news driven.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
What would cause a gap
Gap Down
Posted by unsane on 2nd of Mar 2009 at 04:58 pm
What would cause a gap up?
/ES follows the Asian markets overnight then tends to track the Dax/FTSE in the early morning. Those markets are unlikely to rally hard following a day like today. They are much more likely to continue falling. /ES then becomes the guide price for the SP500 open. What happens after that is another matter, but a gap up at this point would have to be news driven.