Skip to content
GradedCalls

Doom versus melt-up@gapfade

Demo call

Gap Fade

@gapfade · Weekend fade

bullishSPYmedium conviction

Reference SPY ($765.72)

A Monday gap down gets faded back toward Friday. Target 768.78, resistance 766.87. I bail under 758.06.

  • SPY target 768.78
  • SPY resistance 766.87
  • SPY invalidation 758.06

Named tickers: SPY

Graded on the SPY, QQQ, and DIA average, plus VIX.

Posted Thursday, August 20 at 4:00 PM ET inside the collect window.

SPY S&P 500 ETFFriday session close, Monday noon, then the official closes
Fri refMon openMon noonWed closeFri close
  • Fri ref765.72
  • Mon open764.78
  • Mon noon764.52
  • Wed close766.08
  • Fri close769.35

Weekend reference is the prior Friday Yahoo Finance regular-session close for SPY, QQQ, DIA, and VIX. Monday's gap uses the regular-session open. Monday noon is the open of the 12:00 PM ET 5-minute bar. Wednesday and Friday use the official daily close (4:00 PM ET, or 1:00 PM ET on an early close). A closed session or a close that is not due yet is left blank.

Settled grades

The words do not change. Each settled horizon rescores this call against recorded prints measured from Friday's regular-session close.

  1. Friday close to the open

    Monday open

    9:30 AM ET

    Mon openSPY($764.78)−0.1%against call

    Rank 11 of 19

    Market-0.24%against callsigned -0.24% · VIX +5.09%

    • Direction vs the market6/50
    • Levels16/20
    • Specificity15/15
    • VIX factor0/15
    Open the Monday open board

  2. Open of the 12:00 PM ET 5-minute bar

    Monday noon

    12:00 PM ET

    Mon noonSPY($764.52)−0.2%against call

    Rank 11 of 19

    Market-0.20%against callsigned -0.20% · VIX +3.83%

    • Direction vs the market10/50
    • Levels16/20
    • Specificity15/15
    • VIX factor0/15
    Open the Monday noon board

  3. Same week, at the close

    Wed close

    4:00 PM ET

    Wed closeSPY($766.08)0.0%flat

    Rank 10 of 19

    Market+0.04%flat vs callsigned +0.04% · VIX +0.53%

    • Direction vs the market14/50
    • Levels16/20
    • Specificity15/15
    • VIX factor0/15
    Open the Wed close board

  4. Same week, final close

    Fri close

    4:00 PM ET

    Fri closeSPY($769.35)+0.5%with call

    Rank 1 of 19

    Market+0.48%with callsigned +0.48% · VIX -4.63%

    • Direction vs the market26/50
    • Levels20/20
    • Specificity15/15
    • VIX factor9/15
    Open the Fri close board