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Further declines needed to fill Wednesday S&P 500 and Nasdaq ETF gaps, Walter Deemer notes
Walter Deemer highlights that S&P 500 ETF (SPY) would need to decline to 659.61 and Nasdaq ETF (QQQ) to 588.98 to fill price gaps from Wednesday.
He reminds investors that gap fills are not guaranteed and that market movements may not follow this pattern. The comment provides a specific technical reference point for market watchers.
Deemer previously identified 657.03 as a key level for SPY, noting that an open above it could generate a potential breakaway gap in earlier commentary. He also observed an 83% upside day at 10:30, specifying that two consecutive signals would be needed for real market significance, according to a separate analysis. These remarks give investors technical levels and conditions to monitor during periods of market movement.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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