Night_Trader

Long if we fill the New Year gap...

Long
BATS:SPY   SPDR S&P 500 ETF TRUST
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1
If we fill the New Year gap, it would be a good long setup with targeting the AB=CD formation. Best if the SPY closes above the last high around 146. 40 before filling the gap.
If it does not and instead comes down very fast caution will be necessary. However to me the setup would still be valid.

Comments

Ok. The trade never triggered, because we did not pull back. Therefore this trade setup is no longer valid! But now we have a short setup. See below.
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