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Wednesday’s Gaps Being Tested

The two largest components of the leading index, QQQ, are currently backtesting the bottom of Wednesday's gaps, thereby offering an objective short entry on either of these two companies (AAPL & GOOG/GOOGL) or the QQQ as where they go, the Q's are likely to follow. Should they happen to enter the gaps & print a 15-60 minute candlestick close within, the next objective short entry would come on a gap backfill (i.e., the top of those gaps).

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May 22, 2017 9:58am|Categories: Equity Market Analysis|Tags: , , , , |Comments Off on Wednesday’s Gaps Being Tested