Two Daily Gaps attract market for pullback

21 Oca

Although S&P500 is within uptrend, recent days has left two clearly visible gaps behind. That means that it is highly possible that SPX will come back to cover those gaps in the near future, before it continue uptrend (if it will). Same picture at NDX chart with two 4H gaps.

I take this idea to apply to all markets including crypto. While chances to resume higher timeframe uptrend are valid for Bitcoin, Stock Indices will most probably influence it's short term price action.

3 Şub

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One gap closed, another appeared. Now in the progress of being closed.

I think eventually wee will see lower gap closed as well before SPX will be free from those magnetic fields.