Gap up on Thurs..

Who's going to try and fade this gap up? ES 1149 :eek:

 

there is no ES gap to fade.

 

in relation to cash(spx)

 

the likelihood of a price level getting hit is independent of that price being inside or outside a "gap" - so go for it!

 

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QQQ is gapped up over 00.33
SPY is gapped up also premarket about 3 times that.

Think about taking partial profits;
even with selling gaps a certain % -probably will not get in a hurry to sell.







Good question.

 

Mkt is trying to find resistance.
expect a pullback on the open.