Long

Mind the Gap!

Updated

Sold a chunk of my SPXU at the close yesterday. Why? Take a look at the gap that formed yesterday. Typically gaps are filled. That's what happened on Sept 20th. We gapped down and the gap was filled days later. So for the near term, I'm expecting bullish movement to fill the gap. Beyond that, I'm expecting the bears to take over.

Note

Well, that could have gone better, but I'm not out. Right now, the market could turn and form a double bottom.

Note

Still waiting for the gap fill. 🤞

Note

Testing this month long resistance. Will SPX break and fill the gap?

Note

We got the break but weak close. So bulls and bears got something today. There's a little bit of a gap left to fill on the upside. Also notice, now we have a gap for the downside. This bodes well for my prediction on Sept 29 that we would bounce to fill the gap then fall.

Note

Lower gap is filled. Now I'm looking for a retracement back upward.

Note

Possible inverse H&S forming

Trade closed: target reached

Gap finally closed! Bought some SPXU, but ready to purchase more tomorrow we continue to climb.

Note

One last note, notice we gapped up this morning...

Market_Manipulation

Related publications

Time to buy SPXU

by Market_Manipulation

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.