Now there are two gaps to fill on an upswing — (SPY)
Tuesday’s slump and re-test of the February lows has left us with two big gaps — at 1073 and 1115 — to try to fill on any short-covering upswing:
A tempting trade is to bet on one or both gaps filling soon, then quickly reverse to the short side unless and until the downtrend line is broken.
Good Luck!
Ed. note — didn’t take long to fill the 1073 gap, that was taken care of at Tuesday’s close! – CCD
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