Friday, YM(Dow-30), gaps down at open 80 points, pre-mkt volume normal, Gap fade trade started
8:30 enter YM long at 20720 at open, dow-30 opens 50-50..
10am exit half my trade as YM hit the 20760, at the PP Midlevel..
gain of 40 points
remaining half of my trade left to run….
12:00p Exit the other half of the trade at 20760, as YM cant seem to break the 760 level..
Gain of 40 points on that half also..
If the gap doesnt fill later, we will go into next week with a black hole..which will draw it the YM back to the
gap fill area level..I will mark my chart and be aware of it…