Serious question. Gap fills, from my understanding, happen because there are trades at certain price points that haven't been visited, and its a way for traders to get out who are stuck at those levels. But can we really assume that someone is still looking for a certain price to come back to them 1 year later?Just putting it out there: VIX Friday closed at the lowest level in just about a year - awfully close to filling a gap from late Feb'20.
the top is in
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what's going on with gold and bonds? 
would the magnet effect take SPX to 4000 level? 65 points away
would the magnet effect take SPX to 4000 level? 65 points away
How do the charts look? Do they look good? Are they breaking out? Are they following through on their breakout? Is volume decreasing on consolidation (no sellers, buyers taking a break)? Is it a healthy uptrend? Or is not sporadic, is it a downtrend? Is it a market that may be in the process of changing direction (reread the word process)? Markets that are in gear make new highs, transports confirm, a/d confirms and makes new highs. That’s buy and hold. If the market is in a choppy uptrend with some indicators you don’t love, that’s rape and pillage (buy on pull back, sell up high-swing trade). You’re in, you’re out.
your answer is in the tape.
your answer is in the tape.
what's going on with gold and bonds?
would the magnet effect take SPX to 4000 level? 65 points away
Gold itself is highly subjective and manipulated. This creates an issue concerning gold mining stocks that are underpriced given today's Gold price. Something has to give. Investor's are to some degree projecting much lower Gold prices in the near future. Which may be irrational given all the money printing or it might actually happen. I look at the last bull in Gold and when Gold hit 1800-1900 area the main producer's stocks were much higher priced. Some have reduced their debt and are better operators now. Market doesn't seem to care.
Numerous commodities have already rallied a ton the question is will the stocks rally to match, and will the commodity prices hold. Oil and Silver have some chances to rally much higher then expected, but they don't have to. It wasn't long ago that people were hoping for $50 Oil and $20 Silver.
Was talking about the VIX index which is not tradeable, then there are VIX futures (which may or may not have a gap) that requires a large account to handle margin to hold and roll into each succeeding contract over a year's time. But yes IMO gaps very much matter a year later.
VIX/UVXY at new 52week lows is very significant and unusual.... we'll likely see either a sharp pullback or rally next week vs frothy chop. Since VIX tends to swing up and down at extremes it'll very likely go up next week, with a pullback in the S&P.
If it not clear already, this "top call" was not only wrong but WAY off. Even the retest of the high was hardly a "retest". Now up 25 after hours, so that makes it 100 points on the SP500 past the "top".
You win the annual ET most-questions-asked-in-a-single-post-of-the-year award, issued monthly.
That was amazing. I'm still trying to finalize the count. I think I see 9, but it gets all hybrid after that heh.
