Thursday, September 17, 2015

NYSE: GAPs above still in need of 'fills' before the Storm recommences?

NYSE Daily Chart @ Close 09/16/2015
With the impatient Bearish types in search of any clue to justify immediate & further losses; the simplest (& most objective) view was to respect the upside GAPs (created on the Down- side Spill) to be in need of requisite 'fills' before the rot sets in again?
Consistently elevated Put/ Call Ratio #'s have been the 'clue' to being biased a retrace of such losses.
The now 'bag full' of Down- Side Insurance being accumulated MUST bias one's view to 1830 holding; should we indeed get there & beyond that 1675 being a Buying Opportunity of potentially Strategic consequence & NOT just Tactical?