Does SPY gapped filled mean end of rally?

Discussion in 'Trading' started by flipper me, Oct 22, 2009.

Does the SPY gap filled signify the end of the rally?

  1. Yes, the rally is about over

    44 vote(s)
    57.9%
  2. No, there is more rally ahead

    32 vote(s)
    42.1%
  1. filled gap holidng up well. Does not look like there will be any type of rally that would bring it back to the gap. The gap looks to hold through year end.
     
    #81     Nov 3, 2009
  2. the gap continues to hold. any rallies may only serve to form a right shoulder pattern on the index.
     
    #82     Nov 4, 2009
  3. Nice call so far.
     
    #83     Nov 5, 2009
  4. Heading up to test the gap as resistance (on lower volume) - a good place to enter a short - IMO.
     
    #84     Nov 5, 2009
  5. First good place to short is spy 108
     
    #85     Nov 6, 2009
  6. wow, cannot believe the spy is back at the gap. Now what?
     
    #86     Nov 9, 2009
  7. Here is SPY's Gap Chart with Gap >$1 in the last 500-days.

    Regards,
    Suri
     
    #87     Nov 9, 2009
  8. Interesting chart. Thanks!
     
    #88     Nov 10, 2009
  9. critical day today right on th filled gap. expect volatility above and below spy 110
     
    #89     Nov 11, 2009
  10. gap failed to hold again = lower prices ahead
     
    #90     Nov 12, 2009