Open gaps from Dec 2015. Had to expect them to fill. I put out the warnings already.
How many are at all time highs? I think that also would be interesting. Also, I think keeping an eye on the RSP would give us some truth about what is what.
I think the RSP has limited upside potential because there is no weighting system.
The 1 year trend on the SNP 500 has been repaired. It was technically repaired on JUne 8th. People are simply not seeing it for what it is.
People that use moving averages simply are not looking at the true trend and the true rolling 1 year trend is up.......
Charts must be repaired to bring back traders. IT is that simple.
So, that being said.....if a trend is rising.......then one should try to buy pull backs..........all there is to it.
I am about to be met with many thumbs down for this post......but the trend can be calculated and one should never fight a trend.
I will give you an answer. There is an open gap. I would be surprised if it does not fill. The close of the Nasdaq emini on 12/30/15.
I suspect that gap gets filled. And eyeballing the chart my thought is that there is a naked POC that has to be touched as well.
Gaps are created and left open for a reason. It is a place to go back to from the past.