Markets digested the news and the down gap this morning. After a great gap fill, we retraced to the apex of the symmetrical triangle we talked about yesterday (SPY). Classic. We then saw a beautiful cup and handle formation at the gap fill price action area and a breakout of that to higher highs and lows. The only drawback was the lack of confirmation from the market internals. Not a deal breaker but would potentially point me to a smaller position.
Have a great weekend everybody and it was great working with you this week.
Matador ; )
