Mind The Gaps

2022.04.14 08:06

Below are six major U.S. stock market indexes—the Dow Jones, NASDAQ Composite, NASDAQ 100, S&P 100, Philadelphia Semiconductor Index and S&P 500. I merely share this to illustrate the importance, and the consistency, of the price gap that was defined last weekend.

I have anchored each recent horizontal to the same gap. Let’s just agree that it would help the bears an awful lot if we managed to stay below these gaps.

Dow Jones COMP Chart

Nasdaq COMPQ Chart

NDX-100 Chart

OEX:S&P 500 Chart

SOX Chart

SPX:S&P 500 Chart

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