tech_yogi

Which gap will get filled first?

SP:SPX   Índice S&P 500
2 glaring gaps below and 1 "climb the wall of worry" ambitious target above. Which gaps will get filled first? 200 day MA sitting at ~3000. All good news out of the way - treatment - check, FED -check, Stimulus - check, reopening the economy - check, what could go wrong? Shorts getting hammered now - nothing new, has happened for this whole cycle. Bulls making easy money. The rising wedge looks ominous. Break below will be a repeat of March. Break above the 200 day MA will certainly mean new highs.
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