S&P E-mini Gaps: Above and Below

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There is a gap immediately above the current price, and then a gap 200 points below. For the /ES, gaps tend to be very strong magnets that don’t generally get ignored. My experience leads me to believe both these gaps will be filled before the market gets too far from either gap.

Which way will it go? Just like with magnets, proximity usually increases the strength of the “pull”


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Todd Gill

Todd Gill is an independent trader, trading his own account and the accounts of family members. Depending on the current market environment and context he will trade stock options, futures options and futures spreads. With all trades and at all times, his goal is always twofold: to manage risk while leaving open the potential for massive winning trades. For more information, see wwww.thetradersjourney.com

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