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Gapfill

Outlook on SPY leading into the weekendI know this is a little bit of a messy chart. Alot of trend lines and yellow rectangles- Here is the breakdown and outlook for SPY leading into the weekend and next week- I am anticipating a small correction this morning that will lead us to Pre market gap fill with a target of 426.44. This will achieve gap fill and trendline support (Green box for reference) From there, i will be looking for confirmation of strength and bounce and will enter a long position (Put Credit Spreads likely) where my next bullish target will be 437.10. This is my breakout target for the massive triangle we have seen (we can see part of it in the chart) AND it is a gap level that will be filled once hit. (Purple box for reference) There is a much larger gap towards the bottom of the chart. I do anticipate us to fill this gap at some point in time. However, generally when there is a large trend reversal, we almost always leave a gap for us to come back and respect.
AMEX:SPYLong
by Pavley
CCJ: Potential Gap Fill to UpsideCCJ's price action seeing responsive participants with alternative energy leading the market amidst heightened oil prices. While key levels on acute time frames are being tested by both buyers and sellers, CCJ's weekly optics present continuous range extension. While price action has begun to pierce a gap previously seen from April 2011, KL of 28.45 would be more indicative of reclaim in higher value areas (30.71) ; Continuation into mid 30's would materialize a cup and handle pattern on the Weekly// Technical analysis reflects MACD cross, price action over key moving averages, and a high correlation regression channel on the daily time frame. Bias is long on premise of global events related to commodity and tensions in Europe// ATR: 1.49,Beta: 1.01
NYSE:CCJLong
by GroundNinja
$SNAP - Gap Down Slam DunkSnapchat has probably peaked in terms of its popularity. Yes- a lot of us use the app. Including myself. But what do they really do that is hard to replicate? All of that aside, technical analysis says this stock is overpriced. Bearish double top. Massive gap down below that has already broken. I originally meant to share this last week. It has also lost both major moving averages at 100 and 200 day MA's. This should be a fun short to play right now. I have been in this play and expect it to move to around $27 or lower.
NYSE:SNAPShort
by jaykenneyTRT
Buying Opportunity In Facebook (FB)Yesterday was an epic day for FB, posting a 4.61% gain amid heavy geopolitical tension. Here are the key levels to watch for FB going into March’s trade: GAP, $309.53 to $248.00 2020/2022 78% Retracement, $190.55 Here's the trade: 1) Buy $205-$208 2) Stop out point at $189.00 3) Profit target anywhere in the GAP. The conservative upside target is at $248.00 With a hard stop-out point beneath $190, this isn’t a bad place to buy in and play a return to the GAP.
NASDAQ:METALong
by TheTradingRoom
1
TWOU - gapfillMight possibly have a bounce to fill the gap. __________________________________________ 2U, Inc. engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. The Alternative Credential segment provides premium online short courses and technical, skills-based boot camps through relationships with nonprofit colleges and universities. The company was founded by Christopher J. Paucek on April 2, 2008 and is headquartered in Lanham, MD.
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by BlokBox
$F which one of these gaps are we filling first, boys?Bull gap BELOW current SP - 6.3 pips 15.92 ; 16.55 Bear gap ABOVE current SP - 12.4 pips 18.63 ; 19.87 Personally, I am bearish short term, expecting to kiss that lower gap and possibly fill it before a potential bounce back to the upside. Possible Wyckoff Distribution setup was forming on 1D prior to earnings. Personally took a puts gamble on earnings. I have been following $F for some time now and the strength of the stock was obviously slowing. (Not to mention Cramer was pumping it lol) Hasn't had much legs since pumping and retracing quickly back to consolidation/support zone which was then lost on a big gap down after most recent earnings. Which way do you think she's heading? As always, manage your risk and GOOD LUCK! Not advice just insight*
NYSE:F
by Senor_C
2
Bitcoin CME gaps are still in playHello Friends! Can this be a slow bleed to fill Bitcoin’s CME gaps? Bitcoin has already filled one gap between $32k-$34K. Now there are still two open gaps. -$24K-$26K -$18K-19K It’s still on a downward trend with week over week lower trading volumes. Maybe it needs to continue to follow this trend to fill the remaining gaps before we see any meaningful reversal. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
CME:BTC1!Short
by MoneyFishing
2
PYPL Breaking Down through Support Today I am discussing Paypal Stock which has been drastically sold off around 40% from highs! I do think this is crazy, and oversold. BUT, I am going to analyze stocks appropriately and without any bias. PYPL as shown on the Daily Chart has been breaking down through this Range it has been trading in of where I have a Rectangle shape Drawn. PYPL just closed underneath that rectangle 2 days in a row, and even rejected off that bottom of the Rectangle on Friday. That shows Strong Resistance at that level. PYPL also broke its Support from its previous breakdown @ the $179.20 area (White Line) PYPL has 1 wick left from the candle on Jan. 10th and then of course further back supports. But I think the range it is breaking out of now, is something to note down of not being a small break down. The reason I am saying this is because PYPL has now been in the sideways trading for around 2 and a half months. PYPL is now ready to make a bigger move, but here it seems that bigger move may be to the downside. Here are EXTRA Reasons why PYPL is a good SHORT idea here. TTM_SQUEEZE - Squeezing (red dots) indicating big movement of momentum coming. + Momentum Switching to Bearish. Broke Down and even retested the Rectangle range. Broke Previous Breakdown support. GAP to fill at the GREEN Rectangle ($130s) area. A lot of stocks like to always fill the gaps... and I know its a stretch to say hence it is a long time ago, but with bearish momentum this stock could easily fill that gap. Some contradicting indicators to this SHORT idea TTM_SQUEEZE (WEEKLY) - WEEKLY Still showing weakness, but appears to be wearing out, and fading to the bull-side. WEEKLY moving average cloud. Still some more key levels to be breaking I hope you guys enjoyed this idea! Share it if you liked it! If I do play this I will be looking in to Liquidated March & or April Puts near the $140 strike price.
NASDAQ:PYPLShort
by ZachSap
1