ES1 Gap FIll

Appears that the gap fill is more important than indicators. Overbought with divergence, they're pumping it on low volume again.

Of course it's Asian computers doing the pumping right now who knows what the EUro computers will do. Right now though it does not appear that SPX or the rest of the market will take a break until it gets overbought on the daily charts.

Commento:

The Hang Seng takes a 90 minute lunch break at noon, the pumping stopped at their lunch break. Pretty obvious who's pumping futures right now. We'll see what happens when their lunch break is over, and what the EUros do overnight.

Seems to me we're looking at 10 -15 pt gap in the morning. NASDAQ futures are up a ridiculous 65 points.

With various markets pumping futures, Euro Monday night and China tonight, the market is almost impossible to short.

Commento:

Gap now closed. There are still gaps in small cap and Nasdaq futures so the pumptardedness may continue for a while.

Commento:

I'm convinced this is going parabolic now. Not gong to chase it or try to short it. I think I'm going to sit out for a while.