Gold, Silver and Miners Moving Up & How to Trade Price Spikes
Good morning, Revestors,
Equities are trading slightly higher this morning, with all major indexes starting the day positive. The bigger focus is not the gap higher itself, but how the market handles that gap after the open.
Price gaps on the major index ETFs, like SPY and QQQ, tend to get filled. This morning’s pre-market action also showed downside price spikes, which suggests the market may want to fade back and fill some of that early move before trying to work higher again.
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Respectfully,
Chris Vermeulen
Founder, The Technical Traders
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