Demo call
Gap Fade
@gapfade · Weekend fade
Reference SPY ($765.72)
A Monday gap down gets faded back toward Friday. Target 768.78, resistance 766.87. I bail under 758.06.
- SPY target 768.78
- SPY resistance 766.87
- SPY invalidation 758.06
Named tickers: SPY
Posted Thu, Aug 20, 4:00 PM EDT inside the collect window.
- Fri ref765.72
- Mon open764.78
- Mon noon764.52
- Wed close766.08
- Fri close769.35
Weekend reference is the prior Friday Yahoo Finance regular-session close for SPY, QQQ, DIA, and VIX. Monday's gap uses the regular-session open. Monday noon is the open of the 12:00 PM ET 5-minute bar. Wednesday and Friday use the official daily close (4:00 PM ET, or 1:00 PM ET on an early close). A closed session or a close that is not due yet is left blank.