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To: Jack of All Trades who wrote (6260)5/25/2005 4:27:32 PM
From: Doo  Read Replies (1) | Respond to of 12411
 
The ES does show a 2 point gap which I think is an island reversal, but the SPX doesn't....and on my Esignal 60m chart, it definitely doesn't show it the SPX and woudln't allow for one from the 5/18 gap up, either.



To: Jack of All Trades who wrote (6260)5/26/2005 8:45:50 AM
From: Chip McVickar  Read Replies (1) | Respond to of 12411
 
Yes, that is a classic Island Reversal you linked.
But interday charts show gaps as well and islands...

Looks like a Gap up open today...
Might wait for the first hour bar to appear...?