The_Unwind

"Size of the Gap" Upside Target REDUCED in the S+P to 2820.83

SPCFD:SPX   S&P 500 Index
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I use a Proprietary measurement,
my own idea,that helps me identify upside/downside price targets
for traders, following a "Size of the Gap"
Daily Price move of an index,or security

Using the GAP UP Opening Price of the S+P of 2790.50 on 12/3/18
from the Closing Price of the S+P on 11/30/18 of 2760.17,
the "Size of the Gap" on the Daily Chart is 30.33 Points

Adding 30.33 Points to the 2790.50 Open on 12/3
gives me a potential "upside target"in the S+P to 2820.83

That is DOWN from my initial estimation of 2840,
based on overnight S+P futures price activity on 12/3/18

Try using this methodology yourself...
any time there is a Gap Up or Gap Down
in an index or stock that you are following or trading.

My "Size of the Gap" methodology is constantly updated,
so if price gaps up/ or down tomorrow from today's close,
I will simply update my projection accordingly.

The magic of this methodology happens when price
gives a BUY or SELL Signal, by exceeding the upside/downside target outstanding

Right now for 12/4/18 trading,I would have an outstanding BUY SIGNAL
if S+P were to exceed 2820.83 any time going forward
although with futures trading down tonight, the next "Size of the Gap"
may also be giving me a new measurement to the downside on 12/4/18.

SPX 279037 Last.

THE_UNWIND
12/3/18
NEW YORK







Comments

THE_UNWIND -- Thanks for the early morning update.

Reply
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