Red

Carl is long one unit at 1140.50 – going with the flow

yes,

if the $SPX happens to close over 1143.96($SPX open today) then the $SPX will have 6 consecutive higher closes than opens and in the last 12 months the $SPX hasn't had more than 6 consecutive higher closes than opens

Looks like we closed in the direction of the gap. Assuming the same happens, that would mean we close down today.

Thanks for laying it out in layman's terms 🙂

the direction of the index gap is what is important, you'll find a high correlation between the direction of a significant index gap and resulting daily close

Looks like in most of those gap cases, we rallied higher (minus about 3 of them)

significant $SPX index gap @ the open
past days with significant index gap:
3/5/2010
2/16/10
1/12/10
12/21/09
12/17/09
12/10/09
12/01/09
11/27/09
11/11/09
11/06/09
10/14/09
10/08/09

for those looking for ***the top*** then yes those numbers on the $RUT & XLF and a couple of other setups have to be fullfilled

Thanks so much.

And what does that gap suggest? Sundancer, do you think we have to get to your top numbers on $RUT and XLF before we can really head downwards?

They are called pivot points. Also Persons points.

If your software doesn't have them, you can go to http://www.nationalfutures.com/pivotcalculator.htm
enter yesterdays high,low & close and get them.