Gap Trading

[arco]

Here's a GAP (window)

Will it be closed

Gap was closed last night (to within a few pips).

[arco]

Just took 70 pips north off this one - it could do more to fill the gap reaching the KS potential resistance.

Chart should be self explanatory

[peat]

I see CMC is giving a number of webinars this week. The first of them on Monday evening is about Gaps

Dealing with gaps in the market
6pm-7pm NZDT, Monday 26 October

Regularly there are gaps in the market that are all too easy for traders to overlook. However, these formations often provide valuable continuation and reversal trading opportunities. This presentation will show you how to identify and deal with significant market gaps as well as understand the implications they can have on your trading


MIND THE GAP!

[peat]

So the S+P 500 found some support towards the end of the day at the exact area of the gap.
Will it close the gap this week? History says yes.

[peat]

the gap was only re-entered overnight and not (yet) closed completely

edit : Kaching! closed now.