The S&P 500 will top next at

[noddyboy]

You might want to do a search on the topic in the ET database. Or just wait until tomorrow's close...

Hint:

Pekelo's Trading Bible, Consecutivus Gapicus III:4

"Thou shall not have 2 consecutive gaps unfilled left behind. It is against the trading Gods' wishes."

Have you backtested this?

 

[Pekelo]

Have you backtested this?

Yeah...

https://www.elitetrader.com/et/threads/gapwatch.300893/#post-4298837

Holy crap, the original thread is 11 years old!:

https://www.elitetrader.com/et/threads/pekelos-2nd-gap-rule.75045/page-2#post-1520607

Mind you, it is obviously not a 100% guarantee, (nothing is except death) but as close to it as anything in TA. I think I recall one case in the Trump rally when it didn't get filled on the same day.

 

[Pekelo]

Anybody remembers the 2nd gap rule? Go long at the close, if it dips down overnight, go heavy long...

So anyone who followed the advice, the overnight* max. downgap was 6 points and we just closed it. There you had it, a 6 pts pretty much guaranteed by yours truly...

*It was only an hour ago, you didn't even have to wake up early...

 

[Aj2014]

Only a matter of time before we get an absolute monster of a rally - very oversold

 

[Pekelo]

Tomorrow will be a huge up day...

Not super huge yet, but we are up 9 points from the 4 pm close. I would like the tips in the jar...

 

[volente_00]

So anyone who followed the advice, the overnight* max. downgap was 6 points and we just closed it. There you had it, a 6 pts pretty much guaranteed by yours truly...

*It was only an hour ago, you didn't even have to wake up early...

Not super huge yet, but we are up 9 points from the 4 pm close. I would like the tips in the jar...

And if we followed this advice you gave yesterday morning ?

Hitting the lower BB on the daily chart, time to go long. Tomorrow will be a huge up day...

2451ish

 

[volente_00]

Tops still in

Shorted again at 2473.5
Will add to 2479
Stop is 2387

Objective 1 is 2459.5
Objective 2 is 2432.5

Anyone go long at 2432.5?

 

[noddyboy]

Anyone go long at 2432.5?

I am sure only you did.

 

[noddyboy]

Anyone go long at 2432.5?

It sure feels like Black Monday is coming.

 

[volente_00]

It sure feels like Black Monday is coming.

The sky is falling!!!!!

Looking for 2459 test to wash out some shorties