$SPY and $QQQ Upside Tasuki Gaps formed, but will it produce?
SPY According to the research, the upside tasuki gap three candle pattern gave bullish returns 57% of the time the next day, bearish results 43% of the time the next day. It's an interesting pattern, and doesn't actually occur all that often. I generally like trading it, and picked up 2 basically lotto QQQ calls for Friday to try and sell premium if it turns bullish tomorrow. I like the pattern, the linked diagram shows a more up close view of it. Also, linked QQQ chart has a diagram attached as well indicating the %'s given earlier. Happy hunting and GLTA!!
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