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.
good job, your target was hit! what will happen next?
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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