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travis18haney

YM Dow Jones Friday the 8th Gameplan

Long
E-mini Dow Jones ($5) Futures (CBOT_MINI:YM1!)  
travis18haney Updated   
CBOT_MINI:YM1!   E-mini Dow Jones ($5) Futures
Trend Analysis Chart Patterns Technical Indicators
0
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trendanalysis chartpattern indicator
I see two gaps that need to be filled. Will they get filled? I don't know. I am leaning bullish. I can see the market bumping up against the 200sma one more time before falling down to fill the gap on the bottom. Then a bullish climb higher to fill the gap higher?

Or perhaps it doesn't fill the gap on the upside yet on Friday and will wait for Monday or Tuesday?

I will take it bar by bar and see what is in store.
Comment:
This would be my bearish scenario for the day. A run up again to hit the flat 15' 200sma before falling down to fill the lower gap and then closing back inside for a range.

snapshot
Comment:
Thursday's session was bullish because it could not close below the 5 minute 200sma. Only once did it break it and then it was by a hair. Price stayed well above it for the vast majority of the day.

snapshot
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