Technical Picture - SPY - Weekly Gap Resistance In Play
The SPY's bearish gap resistance from last October is in play. You may have noticed that the markets started to get really choppy in late afternoon. That's triple witching OPEX starting to kick in.
Eventually yes, but I'm hoping it holds as resistance now so that we can work off this overbought condition. We need a little drama to make things interesting.
The SPY's bearish gap resistance from last October is in play. You may have noticed that the markets started to get really choppy in late afternoon. That's triple witching OPEX starting to kick in.
2 comments:
you think it will gap-fill?
Eventually yes, but I'm hoping it holds as resistance now so that we can work off this overbought condition. We need a little drama to make things interesting.
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