Discussion in 'Trading' started by lsudaytrade, Apr 8, 2004.
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!
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.
Mkt is trying to find resistance.
expect a pullback on the open.
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