If No Gap Down
November 22nd, 2009at 10:24 pm
I see a possible Double top or H&S developing….. The first SPY level corresponds to ~1101 SPX. This case only occurs if nogap down. Watch those levels. I am closely watching a few components to determine how to handle the gaps. In the event of no gap down I expect possible an upside down U shaped week. I have no clue whether we gap up or down. Just want two scenarios
