Wednesday, July 21, 2010

We Got Gap Fill

We filled the gap and kept going, meaning the 1080 support from yesterday's settlement did not hold. We have found some support just below, but there has not been enough buying here to bring the market back above 1080. This is weakness. I am not taking any positions at the moment as the market is flat. I still like long entries in the 1070 to 1075 range. Not looking to get long until then unless the ES confirms a move back above 1080; I will consider buying a pullback at that point.

1 comment:

  1. Not getting long yet, ES currently trading at 1077 after dipping to 1074.50

    ReplyDelete