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The information contained on this website and from any communication related to the author's blog is for informational purposes only. The analysis and commentary do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading or investment strategy. The materials on this website do not constitute an offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.
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5 comments:
Probably will gap up tomorrow just to screw with both sides.
You called it. The gap up after the afternoon swoon. It never fails.
Unless the ES gets back above 1380 on Sunday, then I expect a gap down on Monday.
That's like saying if it doesn't go higher, I expect it to go lower. LOL.
I 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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