jago25_98
Short

SPX500 gap with v.slow or no retrace

FX:SPX500   S&P 500 Index
I'm expecting the market to gap downwards on opening after the weekend. I feel there has been negative feelings over the weekend, especially today (Sunday) and also the date for tomorrow is close to a cycle point on the 20th. Unfortunately I didn't spot this until late friday and missed the trade.

Gaps usually close up but the cycle is quarterly to yearly scale so I don't think it will close up as quickly as you might normally expect.

The other possibility is a gap upwards which could be considered more against the trend... but I haven't seen enough positive re: Ukraine for me to go with that.
here my trade:
1878 up to 1885
1885 down to 1860
1860 up to 1867
1867 down to 1850
1850 down to 1831.
+1 Reply
OK, so it did go down, just not as big and as fast as I expected making it more likely to stay low for longer
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