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SPY Fills Gap

Hey Market Pilot,

Price always comes back to the mean.

The question is when, and right now we are witnessing the gap between price and the monthly 10-day simple moving average (SMA) getting filled.

Outside the S&P 500 (SPY), numerous other names have done the same or better on this short squeeze frenzy. The other side of this, however, is that typically price gets rejected at the monthly 10-day SMA.

I show how this looks and it is something to keep in mind as the indexes near upper resistance.

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Your Profit Pilot, TG

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