Here's what we're given this morning...a big 'ol triangle with a possible bearish wedge. 10-12 has been some decent resistance, which is around the top line of the wedge. As long as the Gap stays under 15, I'll be looking to short off a good signal for a Gap Fill. These *used* to be extremely high percentage trades, recently largely ignored with the bullish exhuberation. Now that the Market is a little more squirrely, gap fills may come back into fashion. The 60 minute chart is looking pretty bullish, both momentum-wise as well as moving averages stacking up/leaning up. 13 is the weeks volume control point, so it might serve as a barrier if the Market is skittish with a big gap, or it may become support for more attempts up yonder. 17.5-18.5 is the next layer up. 2006 and 1999 are the next volume-price points below. 11:50 is nice resistance, I just put one on as a test in case we get one of those sell hard at the open. If it doesn't come down a bit before 9:30, I'll take a small profit and wait to see what the price action has to say. We have a 15 min bar close over the big red downtrendline, but it's still under the "wedge" if the wedge is a wedge...so i'm guessing we're going to have a little confusion at open between 13 and 7 or so.
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