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I think it's cup with handle, breakout on the upside is more likely instead of a double top here.
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BullBear52x wrote: ↑Tue Oct 28, 2025 9:41 am
Gap and no go? wierd, LOL
Come on 3 big gap up in a row, yet you still expected it to up and up? I think you're being sarcastic
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Walter Deemer posted about the three gaps this morning.
"Famed market technician #PhilDGapp is flabbergasted to see third-day-in-a-row gaps this morning. $SPY would have to decline to 685.54 and $QQQ to 628.55 to fill them. How quickly they get filled -- if at all – gives us an idea of how strong the underlying trend is, although unfilled gaps at new highs are relatively rare. "
I checed the $SKEW curve, SPX max pain is still sitting at 7000 SPX. as we're approaching that level make sure you sit close to the door, don't leave yet but watch where the door is.
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Maybe the low was in for today? The question is because sometimes there's a 3rd leg down to make a higher low or slightly lower low though.
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Don't short a dull market. new swing high continues, it is bullish bias, currently we are still under the spelled of Gap and no go, so....buyers need to push up harder. doji or spinning top is in the card if not trade higher.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
AAII Bull/Bear = Bearish. Alot of people are missing the boat or the majority of people just don't fall for this run up. any how, The doomsters are missing out. Haha
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Testing the day high again, don't think it'd be a double top here, more likely it's a cup with handle therefore breakout on the upside is more likely. This market is insane.
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Finally make some senses, the market is way ahead. I thought people expected nothing but up.
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