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.
30 min ES futures
Started by
arbman
, Feb 07 2012 12:36 PM
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