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Gaps to fill on the way down — ($SPX)

The unrelenting grind of the market upwards, to my view, has left only two important gaps (around 1125 and 1080)  on the S & P 500 to fill on the next trip down, and they are getting more and more remote by the day. Bears shooting for either target have been brutalized all month, and there is currently no sign of a let-up by the bulls. Those betting on a swift, hard reversal are still pacing the floor, but the market is approaching short term overbought levels again, not that it has mattered much this March.

1 comment to Gaps to fill on the way down — ($SPX)

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