Chartaholic

Gap Lower and Reversal

BATS:SPY   SPDR S&P 500 ETF
55 0 0
Price gapped lower at the open yesterday. The opportunity was to buy the strong bull opening bar, which was followed with a higher high bull bar. The 1m chart shows that the retracements of the 3 or 4 bull bars were small suggesting that a reliable trend was in place for a trade. Price continued to push higher through the prior afternoon's resistance. This set the stage for a nice morning rally, which later sold off in the afternoon.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out