The April 2nd Up Gap is Filled. Now What?

Mike Paulenoff By

After just over 90 minutes of trading, ES has hit a corrective low at 2837.00, which accomplishes its first downside mission-- filling the up-gap left behind on the April 2nd open from 2853.75 to 2839.50. Inability of ES to lift after the gap-fill will be cause for concern about still more weakness directly ahead that points to a next immediate target of 2816.00... Key resistance on any bounce hovers at 2865/68 and then at 2872/77... Last is 2840.00
5 09 19 ES 4 hr 1105 GIF
5 09 19 ES 4 hr 1105 GIF

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