chinawildman

Jan '19 vs. Jan '18... fool me once?

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Off by about a week but take a look at the similarities between the 2 tops...

1) Huge run-up in January (jan 18 run-up actually was LESS steep than the current rally and it was going parabolic)
2) Island top from gap n' run followed by...
3) a huge gap down that made no attempt to fill
4) gap up next day close to previous day highs only to sell off to a lower low but recover intraday to a little higher than even.

... and here we are. So naturally they're gonna gap this down tomorrow and try to run this thing up to 265 tomorrow right? ;)
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