I see the gap filled while I was away a bit.

3,783s still below. 

Next gap above is 3,895s.

SPX new gap opened below at 3,824.14 (yesterday's close price) for the cash market. 

3,839.50 filled, nice. Too easy Oz, ty

3,783.22 next downside gap 

3,878.44 filled, explosive move and fast 

That being said, gaps are traps. No idea on timing though it is an opportunity when it does come down again at some point to fill.

Used that pop to trade some and hedge my remainder in one account. Sold a few in the other and remain long.

SPX Filled 3,849.28 gap, next few above are 3,878.44 and 3,895.75. 

New gap opened below at 3,839.50, Friday's close price for the cash market.

SPX new open gap above now at 3,849.28, yesterday's close price. A lot of gaps to be filled on both sides. 2023 will be fun for trading.  

My brother in law agrees with you on the Aliens movie sequel, we were watching some of it when on vacation one time. I know I won't be able to sit for a 3 hour movie, I'll be up at some point for the bathroom and/or asleep. I'm usually better off watching movies at home so I can watch them in pieces if needed. 

Wow, that is cool, had no idea they are already near done with the 3rd Avatar. My buddy's family stood in line for hours at Disney for that ride. They watched a whole movie while they waited and even had a fast pass. We lived in FL for 5 years, do it off season if doing it if you can. Weather, crowds, etc. all much more favorable. I know many can't because of school, though I think a few days out of school is worth it for a much better experience. Sometimes they will let the child do an assignment on the trip, which is fantastic. 

I had forgotten how important movies are to a kid. I remember seeing Star Wars and being glued to every second. And the earlier Rocky movies. Talk about being in the moment. I think that is a secret of life, being able to enjoy the present with those we love, including loving our imperfect selves. 

U.S. Treasury says consumer leases can qualify for EV tax credits

https://www.reuters.com/business/autos-transportation/us-treasury-says-consumer-leases-can-qualify-ev-tax-credits-2022-12-29/

If I had to buy again, it would likely be a used hybrid. I'm certainly in no rush, though the best kind of car is one that is paid for. 

I still drive a 2010 Hyundai Elantra that I bought used at the end of 2011 with 26,000 miles on it at the time. Runs fine, very low maintenance, and does what I need it to do. 

SPX I'll often hedge my one longer term account in pieces as the rally gets stronger into resistances. It is likely at some point next year, the market will fill the downside gaps. In the other account, I just stay long with the system. This allows to me simply not care what happens and make adjustments when the market gives me the opportunity. There is always something good going on.  So whether it is up or down, I'm producing income from trades. 

Avatar made a billion dollars in a few weeks. Just incredible, even the Wakanda Forever movie is still packed at our theaters and they released that in November. My grandson calls it a "must see" movie. They own some incredible movies. Can't wait til these hit Disney plus. 

that 38 fib aligns well with the 3,895 gap to start

SPX With peak bearishness yesterday, I have to keep an open mind that this rally could extend 5-10% pretty easily from yesterday's close into January 2023. It sure is possible and would be hated all the way up given the current backdrop. Some of those readings indicated many got short in the hole. Usually the pain is greatest just about when the pain is going to end for a bit. So 4,000 up to 4,150 goes back on the table now, which would fill some gaps on the upside. That gap at 3,995 would be interesting to fill. 

On the downside we have gaps at 3,783.22 from yesterday's close, 3,748.53, and also 3,583.07 longer term. Timing is always the fun part. 

I'll give another recent example about when panic is highest, the worst is usually about over. It happens when things are positive as well, sentiment extends too far and when elation of an outcome occurs, it is often time to be skeptical of a possible retreat in prices. 

The most recent example came here recently with the cold, which took down some major parts of the county water system for a few days, so a lot of homes where we live had limited pressure or no water. The panic set in and water prices in stores doubled. I was at Sam's Club and just days ago the same water was half the price. Pretty incredible how things are real time these days with prices. So they sold all the water out even at those prices and even the more expensive water was purchased. That night, the water pressure was restored. Go figure. Same happened during the coronavirus with markets. ..about time the panic happened, the worst was over. The extreme end of the world scenearios never happened, though it sure seemed possible at the time. 

I believe the answer will be the same in the coming year for markets as I previously wrote about. There will be opportunities on both sides of the trade, though the catostrophic stuff just isn't likely. The voices will be loud on both sides when rallies and declines happen, it will be important to keep things in perspective and take advantage of those times once again. A lot of trash gets talked when a team is winning, though I keep in mind that I have to keep doing my job either way, and not be distracted by the noise. Keep it one day at a time and act on my plan. All I can do is position to take advantage of the best risk/reward and cash in when the market allows me to. 

Happy New Year everyone! 

SPX The first gap above is at 3,878.44, then 3,895.75 after that. 

SPX new gap below now at 3,783.22, yesterday's close price for the cash market. 

Thanks for sharing. I've been watching the fib and 3,748s gap as well.  Just know way to know on timing, so I've been using hedges along the way while I wait. I have had some good trades over the last days with those and it makes holding through the volatility easier. All the best 

SPX I took a second entry with the system long. Using SPXL as my instrument. The algos had fun today I see. 

SPXS just sold into lows of the day, had purchased it this morning premarket when the market was gapping up a bit. Good enough for today, waiting for close to evaluate again. I am still long with the CCI system via SPXL 

What's the difference between S&P 500 and S&P 500 ESG?

The major differences between the two indexes were the S&P 500 ESG index was skewed towards firms with higher environmental, social, and governance (ESG) scores and had a higher concentration of technology securities than the S&P 500 index.

Well I learned something this morning, never even heard of the ESG index before today. I can see why Elon is upset about being removed from it, look at the definition. He definitely doesn't make the "social" grade, though I thought the environmental part is what the company was all about? What a waste of "energy" digging into all this. Confirms for me again why I don't bother. 

Thanks Steve, the SPX ESG index, I'm seeing that now. This is what I mean about news, the headline grabs attention that it got kicked out of the SPX, then looking closer it is the ESG. Interesting details. Doesn't change anything for me or my strategy with indexes. A big yawn with all this stuff:

https://www.cnbc.com/2022/05/18/why-tesla-was-kicked-out-of-the-sp-500s-esg-index.html

It was prior kicked out, did they add it back in? 

https://www.barrons.com/articles/tesla-s-p-500-esg-index-51652886703