ASX Morning call 14th Nov

Yesterdays plan was to sell the unfilled extreme gap from the big move overnight. It was all one way traffic yesterday and did not get high enough made its way down to S3 and hovered there all afternoon.

Today is the same plan that gap will continue to attract price at 5882.9. I am going to have a look also at fading yesterdays traded high at 5863 for a reversal. Its a big area but thats where the sellers will be. Instead of buying now hoping the gap will fill wait for it to fill then take 10-15 points.

I have marked the gap on the daily. You wouldn't even know there was one looking at this chart the XJO opened around 5860 yesterday and the daily bar on the chart is 5941 which is wrong. Testing the top of the channel at the moment. Hopefully get some consolidation here and do some nice range trading.