SPY closed the 4/19-4/20 gap today

Discussion in 'Technical Analysis' started by SteveNYC, Jun 2, 2011.

  1. Just noticed that a gap between 4/19-4/20 in SPY was closed today.

    Feeling bearish at the moment. Market will probably chop around for a few weeks. But I have really no opinion.
  2. =============
    Steve Big Apple;
    SPY is an acceptable long term uptrend;
    but 3 year weekly has much bear/downtrend/red volume on it.April/ May SPY high look like resistance, even if 3 year price is a little bit bullish.

    Frankly gold & GLD look like a much better uptrend:cool:

    Not a prediction.

    murray tt