Learn Craps Video Source And Information:
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The gap and crap is a technical analysis term for a market that appears to be headed higher first thing in the morning, yet only to turn around and head in the other direction.
In this episode of common sense market analysis, we’ll look at the market from a chart, candlestick and technical perspective to gain an understanding of what the most important price zones are for the SPY.
Also featured today was a very weak IWM which we know is a market leading indicator, at least from where we sit…
We’ll look at the Transports, the Financials and others to get the best picture of what the puzzle looks like in both the short and long term.
We provide common sense technical analysis on many different markets using charts from various time frames to give traders and investors the most comprehensive look at what today’s market is doing.
Whether you’re a beginner or advanced trader, each and every day there are lessons to be taken away from the in depth market analysis where we look at the market from a unique lens.
#bearmarket #marketcrash #recession
Source: YouTube
My name for those last 3 candles is "bear hug" formation. 🙂
We need a big catalyst to drive this turd down once and for good.
Iwm closed below the June 3rd lows that’s a big deal. Iwm is f’ed
I appreciate your efforts David.
Thanks for the overview of the market. I agree with giving and believe In karma too
Thanks Mr Frost
Thank you David 👍
And we appreciate you buddy. Thanks a million
Let's make it short … let's crash !
You hit the mark with the vix. I printed a chart and said nearly the exact same thing to myself. you said about the mirror image with a bull flag pattern. Unbelievable coincidence.