Reply To: Technical Index Trading & Analysis
SPY/DOW gapped down again for the 8th consecutive day today which is the first time ever for as far back as my charts go.
I had a good session – short looking for 18,146 to 18,156 which I got.
Then reversed long for a rebound which was much stronger than expected, taking around 45 points in 20 minutes.
Those 2 positions returned +£375, but an optimistic scalp just before the closing bell wiped £32.50 off that!
As 10 consecutive gap downs in a row has never happened, it would be fair to expect a gap up at tomorrows U.S open.
