SP500 no more gaps to fill

Completely agree with OP, that is why I called the top at 4012 5 hours ago. Now we have some gaps to fill below, the first is at 3800.

To be super technical, the gap was at 4018, and today's high was just above 4012, <6 points left, as good as it gets.

 

Where did I say anything about a top .... or not a top.

You shouldn't feel inadequate just because you don't have the experience. It naturally takes time ... for everyone to get it to a certain level.

 

Wrong. Plenty of stocks (not to mention ETFs) have gaps that get filled by traders. There's nothing magical about an index or circuit breaker. The bottom line is you have a bias and are trying to use TA to justify it.

 

SPX (nor QQQ) is not a stock or ETF. It has no obligation to fill a gap at or above/below the EXACT high/low of said gap.

 

Nothing in the market has an obligation to do anything. Do you expect this 27-month old gap for the S&P 500 below 2550 to be filled, too (blue circled area)?

 

expect no, want yes

 

So you even HAVE a 401K? Why the hell do you want the market to plummet? Why does anyone? Yer killing people's retirement funds!

 

I don't retire for a long time yet. It's imaginary to me till then anyway. I'll probably die first.

 

How about 4444 and not a tick higher or lower?

Obligation, lol be sure to rsvp.

 

Do gaps even matter any more? They used to, but their significance have waned over the years IMO.