Gap fill then short...but when.
So many people are seeing bearish patterns that it makes me want to be a bull.
My money is mostly short but my resistance levels tell me I may have to feel the pain of another gap fill up near 204. We filled one in blue and now I am thinking the small gap at 204.50 may have to be filled before we head back down to the 199.70 level. Timing is everything and I'm just not sure if we can get back down that far before my verticals expire on the 31st. I'm using SPX as my trading instrument. Anyway I'll be watching for others opinions in the next few days, good luck.
Also I did this on my iPad so I apologize if the chart seems off a bit.
My money is mostly short but my resistance levels tell me I may have to feel the pain of another gap fill up near 204. We filled one in blue and now I am thinking the small gap at 204.50 may have to be filled before we head back down to the 199.70 level. Timing is everything and I'm just not sure if we can get back down that far before my verticals expire on the 31st. I'm using SPX as my trading instrument. Anyway I'll be watching for others opinions in the next few days, good luck.
Also I did this on my iPad so I apologize if the chart seems off a bit.
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