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30 min ES futures


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#1 arbman

arbman

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Posted 07 February 2012 - 12:36 PM

It would target to close this latest gap, if the prices reverse over the next session or so. I think this latest gap is an exhaustion and it should be closed, but I am still open to higher prices in February. Ideally we make a low in 4-5 sessions per 9 day cycles within 9 x 4 = 36-37 day cycle that created this blow off since the middle of January. Just some thoughts, this will be the mid channel pause before the second half within 36-37 day cycle. So I expect a sudden pull back to close the gap, if it occurs. Something that will bring out the bears. Best of luck.