================ Strange how certain numbers can keep showing up or down; 1312.5 1313.0, happeded in past 7 days, may not even be that important again for awhile, or even be that close/exact.
Short for now . Stop is a couple of points above yesterday's high Yes I agree, there are people who absolutely love 1312.25
I have started scaling in the sale of 1350 June Calls. If prices rise, I will raise my strikes and scale in with increasing numbers.
Could be-- I generally don't use gaps anymore though due to the continuous electronic trading . I know what you are saying however.
to be honest with you I don't trade off gaps either, it's just that yesterday, throughout the day, all gaps have been filled apart from 1306.6 range in the cash index...and I assumed that it would have been likely for that one to be closed as well as the others. Instead of yesterday's late afternoon, it happened this morning...how the hell did Spike know about support holding up yesterday, especially in the time frame mentioned an all, he is one smart dude.
With all due respect to Spike, he is a mostly long player which generally works in the ES market. He did suspect the market moves well yesterday. One does not know by the way, they can only suspect.
without trying to kiss ass to much here, i would say that his analyses were pretty much spot on for the afternoon session, he did say "impossible" and that would be a brave statement to make, if it was based on him "suspecting" what is about to happen