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novvoll12
Sep 25, 2021 10:53 PM

SPY: Will the S&P 500 index fill the gaps formed last March'21 ? 

SPDR S&P 500 ETF TRUSTArca

Description

The ETF peaked at 454 before consolidating. The uptrend from last March was broken. The immediate support level is 422 before the major support cluster in the 400 area.
The two gaps, one is at 400 and another is at 398, are also near the key 400 level.

Comments
redlinesd
except that retracement of down move is pretty strong. if we get gap up tomorrow I will abandon bear case.
redlinesd
and yes all of it is there.
redlinesd
don't look like it.
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