Thursday, July 15, 2010

We Did Get Gap Fill this Morning

We didn't quite get official gap fill this morning, but we got to a low of 1076.25 which is within the gap fill range between 1077.25 and 1073.50. After seeing a mini reversal to the upside, we are now stalling at 1087 on the ES. This is good resistance and I actually went short here. I believe we could go back down and make official gap fill at 1075.25. We'll see. I will hold this. If it moves against me, I will wait till it pulls back and then I will scratch the trade. Lets see where we go from here...
Posted by Verde at 1:59 PM
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1 comment:

  1. VerdeJuly 15, 2010 at 3:02 PM

    Tempted to take a small profit and cover here, but I am going to hold. There is danger that this could move against me, but I'll take scalps while the algorithms churn the market in a 2 point range. I still like the chances of a down tick in the last hour of trading...

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