Gappy

I have gone mostly sidelines with the seasonal stock market bounce stuff, but also am not short a single thing.  With that disclosed, here is a gappy view of the SPY.

Does yesterday’s gap up on some Fed guy’s jawbone seem particularly healthy?  One would think that gap has a good chance of filling, just as the Santa gap did.  Those gaps from October and November would come into play if the market were to make lower lows to December.

spy

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