SPY is opening above value Opening range is going to be 438.43- 439.77 if we fade the gap it tells us we didnt have enough supply to hold price up and it was taken up to sell previous day supply to people chasing the gap. If we hold the gap with strength we can have a second day of mark up. We have to get through the open first and see how the closing hour looks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.