Tuesday, January 24, 2012

7.5 Gap Dn and rally past the 3rd Time Interval

Today we had a 7.5pt Gap Down, we found support early with 13,500 Support Print just after the open bar along with a 1500 cycle support. We rallied past 8:00, peaking at 8:30. 
Recap Notes:
Trade Selection - Good Trades, I stayed in Trend showing patients and awareness to reenter when spotted, 3 trades on the day.
Today's 15m Close: . 
Accumulation Range: Intraday Session: Blocks @ 1303.25-1306 and again at 1309-1312
Globex: None
Distribution Range: Intraday: Block closing up at 1308.25

Globex Vpoc: 1309 Vpoc Held

Today's $TICK Close:  280

INTANGIBLE OBSERVATIONS:
After Multiple Days of Consolidation be on the lookout for a Break out of range - Be aware of the Gap type and higher time frame premise Ie. (the weekly and daily trend and premise)