Island top?
Updated
SPX came within 6 points of filling in its gap but didnt. The island top is valid until the gap is completely filled. Im expecting ES futures to rally this evening but fall below that area for open tomorrow. Time will tell but im bearish until that gap fills. Target 3700ish. Invalidation 3926. This gives a very tight invalidation as well as a good R:R.
Note
be aware of the potential for a lower time frame island bottom reversal. Lets see where we open
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