The Nature of Gaps
The next two articles will directly address how I utilize overnight Globex information to further my understanding of an opening gap in its proper context and how I approach the situation from the standpoint of an intraday trader.
For simplicity, please assume the instrument I am referring to is the Emini S&P futures contract. To be clear, the type of gap I will be addressing is one where the Es begins the current regular session (defined as all trading between 9:30 a.m. through 4:15 p.m. ET) outside of the prior regular session's intraday range. In other words, the current open must be above the prior session high or beneath the prior session low....495 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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