SP500 gaps Long

S&P 500SP

Description

⋅ Dec 17, 2020 3:41 PM

So since the election we have gapped alot,
Are we ever going to fill those blue gaps anytime soon? would it be sustainable to go like this?

Comments

vanfleetdaniel

⋅ Dec 18, 2020 4:57 PM

These gaps can go on for months and sometimes even years. Eventually they will get filled as they are targets for many swing traders, but don't focus too much on them..

DaddySawbucks

⋅ Dec 17, 2020 3:52 PM

there is an unfilled gap at 2860...!

shahruz500

⋅ Dec 17, 2020 4:06 PM

@DaddySawbucks, yes and that one is like 1.7%.
the recent ones account for nearly 5% of the gains, they will act as resistance one day, since market normally fills the gaps.