Wednesday, April 20, 2011

Screaming

Instead of sleeping, I'm watching the market trade higher here overnight

As of right now, we are up almost 17 points on the S&P Futures

A big gap can offer a nice opportunity for an opening fade, at least for a trade. from there? Aha, the big question!

Depending on the reaction to the gap, there could be a nice AM consolidation to take advantage of. Remember, trend days start with an impulse, and a big gap is one of the best forms of impulse there is.

No use in guessing here, but remember to remain flexible, as setups could appear on either side.

Back in 4 hours or so with an updated view

Michael tiny Saul

tinymjs at gmail dot com

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