SPY = island reversal

50 2
We had a large gap up (onto the island) then a few days on the island, and this morning we just jumped (gap) back into the ocean. So far, this looks like a classic island reversal, unless the bulls can close the gap on the right side of the island.
We had a gap up this morning, but it stopped right at the bottom of the island gap. Is this a retest and confirmation of this pattern? If so, the market will keep heading down.
tristan.rhodes tristan.rhodes
Well, the island gap help against several retests, but it was eventually closed. I think we can consider this a failed island reversal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out