Assuming the Monday's gap and subsequent acceleration down points to a mid point measuring gap, I get the first target of 90-91 level for SPY. Whether it will be a lasting bottom, if reached, remains to be seen. Possibly break the round number by a few ticks....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.