Friday Gap Up
Started by
Darris
, May 31 2007 06:42 PM
1 reply to this topic
#1
Darris
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- Traders-Talk User
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Posted 31 May 2007 - 06:42 PM
Tomorrow's gap up will not fill until next week for the mid-week OPEX discount. End/1st of the month seasonal ends on Friday close (6 full trading days) since we put the low in last Thursday at June ES 1507.75 (end of month provided 30 opportunity points, so far). Will probably close out the week in the 1549-1555 range at the close tomorrow. 10 pt consolidation range around Friday's close next Mon/Tues, and then the OPEX discount before the rally to all time new SPX highs. The OPEX low to be between 1520-1527 on the June ES contract, or normal 2% correction off the near term high. Have a good evening.
#2
JAP
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- Traders-Talk User
- 575 posts
Member
Posted 31 May 2007 - 10:38 PM
Tomorrow's gap up will not fill until next week for the mid-week OPEX discount. End/1st of the month seasonal ends on Friday close (6 full trading days) since we put the low in last Thursday at June ES 1507.75 (end of month provided 30 opportunity points, so far). Will probably close out the week in the 1549-1555 range at the close tomorrow. 10 pt consolidation range around Friday's close next Mon/Tues, and then the OPEX discount before the rally to all time new SPX highs. The OPEX low to be between 1520-1527 on the June ES contract, or normal 2% correction off the near term high. Have a good evening.
Gap up?
Can I please borrow your crystal ball?... how about Paulson's phone number?
