Gap down against resistance

By Lawrence

ES opened gap down. Data coming out at 10 am pushed it further down to S1.

Should S1 holds, gap fill in play.

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Comments
  • Lawrence Chan August 3, 2010 at 12:01 pm

    Noon time now. Gap filled. =)

  • Lawrence Chan August 3, 2010 at 1:04 pm

    The gap fill to the upside used up the intraday bias already.

    Notice that ES is trading within the OR now and EURUSD is testing its resistance at the moment – a retest of day low and trying out to tag previous day low is not out of the question yet because there is still a gap below that is not filled.

  • Lawrence Chan August 3, 2010 at 1:16 pm

    Notice how ORL acted as support so far.