SPX, QQQ & IWM: Getting Ready to Fill the Big gap

SmartReversals
11-15

1. $.SPX(.SPX)$ - Getting Ready to Fill the First Gap

The bearish crossover in the Stochastic and the complacency level in the put/call ratio warned well about today’s decline.

Continuation is very likely, the daily candle is bearish, and the $Cboe Volatility Index(VIX)$ is bouncy.

2. $Invesco QQQ(QQQ)$ - Getting Ready to Fill the First Gap

The evening star mentioned last week has been validated in slow-motion. The minimum destination for this pullback is the 10DMA, considering the breach to the 5DMA.

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3. $iShares Russell 2000 ETF(IWM)$ : Getting Ready to Fill the Big gap

Can the 10DMA act as support activating a bounce? Sure, but the oscillator is not oversold, and that has been a key condition for sustainable bounces, in addition that gap is a big magnet.

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Comment（2）

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  • SeriouSyrius
    ·11-15
    Agree on IWM. Gap fill is imminent with no clear support in sight
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  • cival
    ·11-15
    Great article, would you like to share it?
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