The last time I wrote about 6 Must Fill Trading Gaps was at the end of March, however our members were getting notifications in 2019 and into (01/31, 02/24, 2/28, and 3/02) regarding Gaps and the potential consequences of ignoring them.
We all know what happens to the market if we ignore upside gaps…THE GAPS FILL TO THE DOWNSIDE.
The recent crash closed all the gaps dating back through 2018 before we started are ascent again.
I have been listening to the talking heads on Fox Business, CNN, Bloomberg, Yahoo Finance, and many others. The all ask if this rally is just a long journey back up to eventual new highs. Plain and simple, their answers must be scripted. I personally know 2 of them and they are intelligent and practiced and know that 91% of all Gaps fill.
These well trained “guru’s” can easily look to their charts and know whats coming.
If you have downloaded and read our Gaps guide, then you know the 6 Must Fill Trading Gaps are going to eventually close and are already prepared for it.
I was having a nice cold Bud chatting socially with my next door neighbor and he asked me when to expect the Gaps to fill. My answer is always the same so brace for it. “I have no clue.”
What is more important is the recognition that dating all the way back to 2018 all the gains you made were gone in a matter of a few weeks. Now that it has risen 50% from the bottom of the current decline, are you ready to fill those gaps near the bottom?
If you are not ready for a retest, then grab a self paying subscription, or a bottle of Rolaids because it is coming. At a rate higher than 91%, the Green Gaps in the chart above will refill which means the market is coming back down.
If this is even remotely close to the typical decline dating back to the 1600’s, its best to avoid the declining and simply jump back in close to the bottom.