November 19, 2010

SPY Hour with the unfilled GAP

  • SPY hour chart with the GAP that is yet to be filled.
  • 119.36 is near the 38.2% Fib level so if this level is violated we may see price drifting down to 50% Fib level Completing a partial filling of the GAP.
  • I am not expecting the GAP to be filled completely today.

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