In my opinion, if we make a new low on $SPY we just might be walking down to cover the gap between $400.67 and $403.38. Note how quickly a single candle filled the $411.05 gap and the declining volume . Could lead to an inverted H&S and flip bullish . NFA . Anything can happen in this market. Happy trading!
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Gap between $400-$403, filled on 5/9/2022