11h • General discussion
SPY - Massive New Week Open Gap!
SPY: MASSIVE NWOG (blue channel) opened up this evening *a gap of $5.24* (738.66 close Fri, 743.90 open tonight). This area may be a focus of price going forward as these gaps eventually tend to attract price. This one is peculiar in that it COMPLETELY encompasses 2 NDOGs (purple channels shown on M5 above and H1 below) and last week's NWOG (pink channel near the top of this one). The chart is getting a bit clutterred with NDOGs/NWOGs because the MMs keep opening gap after gap each week while keeping price moving sideways.
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SPY - Massive New Week Open Gap!
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