Unfilled gap in SPY on Jan 30, 2018 (hidden)
High on the daily is 284.74, but the highest trade that day was 283.29.
The error in chart data means no one knows the gap is unfilled. An unfilled gap is extremely bearish, especially in the S&P. My target is 210. For safety, I'd cover around 215.
Something occurred on that previous weekend and we're seeing a fundamental shift in the market. President Trump's State of the Union address was the same day, and we have a new Fed chairman.
The error in chart data means no one knows the gap is unfilled. An unfilled gap is extremely bearish, especially in the S&P. My target is 210. For safety, I'd cover around 215.
Something occurred on that previous weekend and we're seeing a fundamental shift in the market. President Trump's State of the Union address was the same day, and we have a new Fed chairman.
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