SPX Those gaps at 3,678 and 3,585 continue to be of concern. No
bottom long term until those fill in my view. No idea on the
timing.
That being said, I'm wondering if this grinds out into year end
and that market doesn't give the major sell/capitulation that most
are looking for. Maybe the gaps fill, maybe they don't, but nothing
significant either way. It would cause the most pain for bulls and
bears to just keep grinding in a range. Keeps both sides out of
position on the day to day. I can see the market filling the gaps
to test the lows just as easily as going to the 4,110 area before
year end. While I'm thinking of it, maybe both will even
happen.
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SPX Those gaps at 3,678
When the entire bullish thesis basically revolves around a FED ...
Posted by fundamentalvalues on 7th of Oct 2022 at 09:43 am
SPX Those gaps at 3,678 and 3,585 continue to be of concern. No bottom long term until those fill in my view. No idea on the timing.
That being said, I'm wondering if this grinds out into year end and that market doesn't give the major sell/capitulation that most are looking for. Maybe the gaps fill, maybe they don't, but nothing significant either way. It would cause the most pain for bulls and bears to just keep grinding in a range. Keeps both sides out of position on the day to day. I can see the market filling the gaps to test the lows just as easily as going to the 4,110 area before year end. While I'm thinking of it, maybe both will even happen.