If we open above previous day high (66.25), I do expect a run to 880-886 area before any meaningful retracement. The daily downside breakout, however, would not be negated until after we hit at least 900. Yesterday there was no significant selling throughout the day, nor any significant buying/selling at the open/close hour. Could be taking a break here for many as holiday season approaches. Edit: filling the gap today is not a meaningful retracement
9/29 and 11/5 daily highs give a tl at 876, we could window dress into fri close ,when u shrink that line down on a 5 min, its 882
Trying hard to open above previous day high here. Someone wanted the bias to go up right after open very badly
11-24-08 07:07 AM 11-20-08 08:31 AM Short one contract at 795.00 Initial stop 1075.00 Maintaining the stop here at 1075.00 Maintaining the stop here at 1075.00 Adding an additional 19 at 869.75 with the stop also at 1075.00 Total of 20 units short.
Yesterday we got a runaway gap up that was not filled. Repeat of that or fill it all the way down today?