I am waiting for that zone, we are fast approaching the buy zone. It looks like no one wants to hold risk overnight, with Europe trading horribly. A gap down tomorrow would be a buying opportunity.
I base my decision on price, noting else. Friday's close was bearish, but did not break any key support, so still could go either direction. Break 1368-70 or 1380-82 for a bigger move up or down. Price actually close a little above the middle of the 1352 to 1390 trading range, and by definition neutral.
Probably will gap up tomorrow just to screw with both sides.
ReplyDeleteYou called it. The gap up after the afternoon swoon. It never fails.
ReplyDeleteUnless the ES gets back above 1380 on Sunday, then I expect a gap down on Monday.
ReplyDeleteThat's like saying if it doesn't go higher, I expect it to go lower. LOL.
ReplyDeleteI expect a gap down because of post options expiration hangover.
I base my decision on price, noting else. Friday's close was bearish, but did not break any key support, so still could go either direction. Break 1368-70 or 1380-82 for a bigger move up or down. Price actually close a little above the middle of the 1352 to 1390 trading range, and by definition neutral.
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