SPY Gap Watch as MSFT and NKE Shape Next Trend

SmartReversals

04-20

GAP SYNCHRONY

Distance vs. Friday Close:

$SPDR S&P 500 ETF Trust(SPY)$ : 702.78 (1.3%) RSI 73.5

$Invesco QQQ(QQQ)$ : 642.18 (-1.2%) RSI 74.5

$SPDR Dow Jones Industrial Average ETF Trust(DIA)$ : 486.6 (-2.1%) RSI 69

Daily Volume validating reversal candles, mostly on DIA.

Healthy consolidation ahead.

Will the $686.3 gap be filled for SPY? (-3.7% downside).

$Microsoft(MSFT)$

A Shooting Star has formed above the upper Bollinger Band, leaving two open gaps below and RSI >70. A reset is likely before another attempt to reach the $441 gap.

After a stellar weekly run of +14%, a pullback would be a healthy reset of overbought conditions.

$Nike(NKE)$

Many people suggesting Nike. Makes sense, last time it bounced from the lower Bollinger band with an oversold RSI triggered a multi-week rally.

Next week, as long as the price stays above $45.0, momentum could reach $47.8 for a 3.9% move.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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(-3.7% downside).\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b8f200efaae0576cee0080f7eb953ba3\" tg-width=\"1340\" tg-height=\"850\"> \n<h2 id=\"id_3283672567\"><a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a></h2>\nA Shooting Star has formed above the upper Bollinger Band, leaving two open gaps below and RSI &gt;70. A reset is likely before another attempt to reach the $441 gap.\nAfter a stellar weekly run of +14%, a pullback would be a healthy reset of overbought conditions.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/e35e1f437de1ec225ca0068143b2b33a\" tg-width=\"679\" tg-height=\"488\"> \n<h2 id=\"id_1311361719\"><a data-mention-id=\"NKE\" class=\"teditor-mention\" data-mention-name=\"Nike\" href=\"https://ttm.financial/S/NKE\">$Nike(NKE)$</a></h2>\nMany people suggesting Nike. Makes sense, last time it bounced from the lower Bollinger band with an oversold RSI triggered a multi-week rally.\nNext week, as long as the price stays above $45.0, momentum could reach $47.8 for a 3.9% move.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/c92c4d08d635f1a9f9c2806a395f60b4\" tg-width=\"680\" tg-height=\"488\"> \n</body></html>","htmlText":"<html><head></head><body>GAP SYNCHRONY\nDistance vs. Friday Close:\n<a data-mention-id=\"SPY\" class=\"teditor-mention\" data-mention-name=\"SPDR S&amp;P 500 ETF Trust\" href=\"https://ttm.financial/S/SPY\">$SPDR S&amp;P 500 ETF Trust(SPY)$</a> : 702.78 (1.3%) RSI 73.5\n<a data-mention-id=\"QQQ\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> : 642.18 (-1.2%) RSI 74.5\n<a data-mention-id=\"DIA\" class=\"teditor-mention\" data-mention-name=\"SPDR Dow Jones Industrial Average ETF Trust\" href=\"https://ttm.financial/S/DIA\">$SPDR Dow Jones Industrial Average ETF Trust(DIA)$</a> : 486.6 (-2.1%) RSI 69\nDaily Volume validating reversal candles, mostly on DIA.\nHealthy consolidation ahead.\nWill the $686.3 gap be filled for SPY? (-3.7% downside).\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/b8f200efaae0576cee0080f7eb953ba3\" tg-width=\"1340\" tg-height=\"850\"> \n<h2 id=\"id_3283672567\"><a data-mention-id=\"MSFT\" class=\"teditor-mention\" data-mention-name=\"Microsoft\" href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$</a></h2>\nA Shooting Star has formed above the upper Bollinger Band, leaving two open gaps below and RSI &gt;70. A reset is likely before another attempt to reach the $441 gap.\nAfter a stellar weekly run of +14%, a pullback would be a healthy reset of overbought conditions.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/e35e1f437de1ec225ca0068143b2b33a\" tg-width=\"679\" tg-height=\"488\"> \n<h2 id=\"id_1311361719\"><a data-mention-id=\"NKE\" class=\"teditor-mention\" data-mention-name=\"Nike\" href=\"https://ttm.financial/S/NKE\">$Nike(NKE)$</a></h2>\nMany people suggesting Nike. Makes sense, last time it bounced from the lower Bollinger band with an oversold RSI triggered a multi-week rally.\nNext week, as long as the price stays above $45.0, momentum could reach $47.8 for a 3.9% move.\n<img alt=\" \" title=\" \" src=\"https://community-static.tradeup.com/news/c92c4d08d635f1a9f9c2806a395f60b4\" tg-width=\"680\" tg-height=\"488\"> \n</body></html>","text":"GAP SYNCHRONY Distance vs. Friday Close: $SPDR S&P 500 ETF Trust(SPY)$ : 702.78 (1.3%) RSI 73.5 $Invesco QQQ(QQQ)$ : 642.18 (-1.2%) RSI 74.5 $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ : 486.6 (-2.1%) RSI 69 Daily Volume validating reversal candles, mostly on DIA. Healthy consolidation ahead. Will the $686.3 gap be filled for SPY? (-3.7% downside). $Microsoft(MSFT)$ A Shooting Star has formed above the upper Bollinger Band, leaving two open gaps below and RSI >70. A reset is likely before another attempt to reach the $441 gap. After a stellar weekly run of +14%, a pullback would be a healthy reset of overbought conditions. $Nike(NKE)$ Many people suggesting Nike. Makes sense, last time it bounced from the lower Bollinger band with an oversold RSI triggered a multi-week rally. Next week, as long as the price stays above $45.0, momentum could reach $47.8 for a 3.9% move.","highlighted":1,"essential":1,"paper":2,"likeSize":17,"commentSize":0,"repostSize":3,"favoriteSize":0,"link":"https://ttm.financial/post/555598526538216","repostId":0,"isVote":1,"tweetType":1,"viewCount":715,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["QQQ","SPY","DIA","NKE","MSFT"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":743,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/555598526538216"}