SPX If/when things reverse at some point after this rally wave
completes, my comment on gaps:
Low today was 3,808.26, yesterday's close 3,807.30. There is
another small one on the cash at 3,797.31 that didn't fill a bit
back either. Happy to trade this rally, though I think they come
back for these too at some point.
Obviously below that is 3,583.07 which isn't being looked at for
now, though this sets up an even greater risk/reward at some point
for a short, particularly as we go higher here. Bulls have the ball
for now and we just broke back above the 50 day ma.
If things can somehow keep going into year end, 4,110.41 is the
above gap to look at first on the upside.
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SPX If/when things reverse at
Posted by fundamentalvalues on 28th of Oct 2022 at 11:08 am
SPX If/when things reverse at some point after this rally wave completes, my comment on gaps:
Low today was 3,808.26, yesterday's close 3,807.30. There is another small one on the cash at 3,797.31 that didn't fill a bit back either. Happy to trade this rally, though I think they come back for these too at some point.
Obviously below that is 3,583.07 which isn't being looked at for now, though this sets up an even greater risk/reward at some point for a short, particularly as we go higher here. Bulls have the ball for now and we just broke back above the 50 day ma.
If things can somehow keep going into year end, 4,110.41 is the above gap to look at first on the upside.