Apr 9, 06:44 PM

S&P 500 Index Rallies 9% After Filling $5,300 Gap, Targets $5,500 and $5,670

The S&P 500 Index ($SPX) has experienced a notable recovery, rallying approximately 9% in a single day. After reaching a low of down 21% since February 20, the index has filled multiple gaps, including one in the $5,300 range, which was confirmed as filled. Analysts suggest that the next target is a gap fill in the $5,500 range, indicating a potential further increase of about 3%. Additionally, there is speculation about a gap fill at $5,670, contingent on sustained bullish momentum. The market's stabilization around the 4,800-5,000 range is viewed as crucial for maintaining this upward trajectory.

Written with ChatGPT (GPT-4o mini).

Sources

Heisenberg@Mr_Derivatives
2 years ago
$SPX 5,670 gap fill in play now if the bulls really wanna make it hurt here.
Danny Marques | Investing Informant 📊📈@Invst_Informant
2 years ago
Now that we've seen a +9% rally in the S&P 500 $SPX today, what's next? We were down -21% since Feb 20 at one point this week and hit a 21 on daily RSI while creating 2 gaps 1st gap in $5300s has now been filled ✅ 2nd gap in $5500s is next which is another +3% from here I https://t.co/o2JLqK1p76
Julie Wade@julie_wade
2 years ago
$SPX Sunday gap is filled https://t.co/giMzGBDTQL

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S&P 500 Index Rallies 9% After Filling $5,300 Gap, Targets $5,500 and $5,670

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