Night_Trader
Short

Will SPY fill an older gap ?

BATS:SPY   SPDR S&P 500 ETF
582 1 2
Ok, something different today. If the SPY             does not open totally bullish today, I am looking to short for a gap fill from 20th November close.
The stop should go above the latest trading range. Depending on the opening price and opening behaviour of the SPY             we have to evaluate if the risk/ reward ratio is good enough for a trade.

The target would correspond with a 0.886 retracement of the last bigger swing and a completion of of a Bat pattern .
At that point a bounce can be expected. So that is a place for a good target and even a new long trade.
huntingsniper
3 years ago
good job, your target was hit! what will happen next?
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