SPX We now have 9

    Posted by fundamentalvalues on 13th of Jul 2022 at 08:55 am

    SPX We now have 9 upside gaps from this year and 1 downside. I don't have historic data on this, though I have tracked gaps ever since I've been trading and the risk/reward is leaning for a bigger rally at some point. From what level, ask the market. The downside gap sits at 3,674 and I believe it won't hold in the long term. All that being said, just trading what is in front of me. Certainly good to be aware of though. Gaps have saved and made me a lot of money. 

    A simple observation in futures

    Posted by brophy on 13th of Jul 2022 at 09:36 am

    A simple observation in futures trading is that the more gaps to the upside the more overbought is the market. 9 is a lot.

    Yes on Supply - ES

    Posted by steve on 13th of Jul 2022 at 09:28 am

    Yes on Supply - ES rallied right into SUPPLY near 3875 (posted yesterday) and then reversed course on the news

    I'm still ultimately looking for a move up into that gap at 3950-4020 area either from 3700-50 area OR after making new lows around that weekly support zone. 


Subscribe to our email list for regular free market updates
as well as a chance to get coupons!