• 736 days Will The ECB Continue To Hike Rates?
  • 736 days Forbes: Aramco Remains Largest Company In The Middle East
  • 738 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,138 days Could Crypto Overtake Traditional Investment?
  • 1,142 days Americans Still Quitting Jobs At Record Pace
  • 1,144 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,147 days Is The Dollar Too Strong?
  • 1,148 days Big Tech Disappoints Investors on Earnings Calls
  • 1,149 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,150 days China Is Quietly Trying To Distance Itself From Russia
  • 1,151 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,154 days Crypto Investors Won Big In 2021
  • 1,155 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,156 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,158 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,158 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,161 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,162 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,162 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,164 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

The SPY's Reactionary 109.68 Level ...

Do you remember our Friday discussions during the past few weeks about the SPY?

The discussions were about how the SPY had a "gap sensitive" level at 109.68. In fact, the SPY has had over 8 gap occurrences at the 109.68 level since November 2009.

Yesterday, the SPY closed at 110.29 on a high down volume, last minute tick. So, yesterday's 110.29 close will be subject to a gap down possibility ... below the 109.68 level at the open this morning.

But, this is not your typical SPY level, because higher than normal intra-day volatility is typically seen at the 109.68 level.

So today could be another one of those unusually high volatility, whipsawing days.

S&P 500's SPY

 

Back to homepage

Leave a comment

Leave a comment