Jake Wujastyk: Volume gap seen in SPY and SPX if current support fails

Jake Wujastyk: Volume gap seen in SPY and SPX if current support fails
Volume gap risk for SPY and SPX

Jake Wujastyk, founder / CEO at TrendSpider, observes a potential volume gap below current levels for SPY, SPX, and ES_F if the existing price shelf does not hold.

He also references NVDA, though does not elaborate on its specific situation.

Wujastyk recently projected that SPY could reach $800 to $820 by August if its current upward trend stays intact, according to a previous forecast. In an earlier note, he also identified multiple signs that Microsoft stock may have bottomed, signaling a possible recovery ahead as detailed here. These views come amid his latest observations on potential volume gaps in the major indices.

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