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Is S&P 500 Showing Warning Gaps?

ByCandy Matheson
Published 08/30/2019, 03:00 PM
Updated 07/09/2023, 06:31 AM

As Friday's trading action came to a close ahead of Monday's Labor Day holiday, an interesting observation to note is this daily chart of the SPX.

Since the beginning of August, gaps on the open in both directions have pretty much occurred on a daily basis (blue box). When the same thing happened in the last quarter of 2018 (blue box), we saw a rapid plunge in the space of a few days.

Both pink boxes show that a similar setup may be forming. The question is, will it retest the December 2018 lows anytime soon?

Daily S&P 500

Chart powered by TradingView

Latest comments

Well worth asking the question, keep it up Candy!
Kindly stop criticizing Candy.  She is absolutely right .  S&P 500 going to repeat September-October 2018  now.  For watching my in-depth analysis on S&P 500, watch my video,  you tube channel SS Analysis.
Kindly stop criticizing Candy Matherson.  She is absolutely right while providing her precious observations.   S&P 500 futures have formed an "Exhaustive Candle" in a daily chart on August 30th, 2019; which confirms the repetition of September 2018 now.  Gap-down opening on the first trading session of the upcoming week will confirm the continuity of a downward trend in S&P 500 futures.  For watching my video on in-depth analysis of S&P 500, S&P 500 futures, Gold futures - Co-related moves, subscribe my YouTube channel 'SS Analysis'.
i suposse that gaps come from a natural reaction of investors that are deciding to keep their capital in the S&P500 or another investment depending of the results of the negotiations in the trade war. Now we are in a "point of indecition", if the negotiation fails you prediction will become reality.
If I had 2 crystal ******** I'd provide you all with a second opinion.
Statistically this is useless info. u literally have 1 example of this.
All it takes is one...there's always a first for something.
Very nice observation thank you for ur contribution looks reliable
No, it is not a "nice observation". Maybe it agrees with your investments, but this is not useful analysis.
Good catch
Tweets will decide.
Spy going higher, stop eating candies
Candy u are loosing your mind
I for one follow her insights. She is thoughtful and seasoned. Show some respect or move on.
that goes for you too
 No one pays me...my Blog is free...check it out...take what you like and leave the rest.
To me it's a good observation. Also the chart shows a potential head and shoulders setup
hope it does so we can get some cheap shares
I‘m giving it 60-70 and we’ll break the pink box to the downside
No. It isn't
Candy. Good observation. Thx
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