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There is a Gap at 1430 that needs to be filled if this was a downtrend. So I am expecting a minimum retrace to those levels!!!!
acorn- yep here's the SPY chart which shows the gap
Sure, but the mkt could bounce for a few days and then head back down. Also, it doesn't have to fill the gap on this go-round. Could happen in 2013.
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All I know is
Posted by acorn on 15th of Nov 2012 at 02:55 pm
There is a Gap at 1430 that needs to be filled if this was a downtrend. So I am expecting a minimum retrace to those levels!!!!
acorn- yep here's the SPY chart
Posted by matt on 15th of Nov 2012 at 03:12 pm
acorn- yep here's the SPY chart which shows the gap
Sure, but the mkt could
Posted by frtaylor on 15th of Nov 2012 at 02:58 pm
Sure, but the mkt could bounce for a few days and then head back down. Also, it doesn't have to fill the gap on this go-round. Could happen in 2013.