 Good afternoon, everyone, and welcome. This is Melissa Armo with the Stocks. What should I'm here today to review the spy? I'm doing a little lesson here on what is a gap, and I'm doing this for Kara because she emailed me a question and I didn't understand the question. I asked her to explain the question again, and then I understood the question, and I thought it would be better to do it in a video. Easier to explain. The question was, Kara said, what do you do if you have an intraday gap? Well, there is no such thing. Now, let me explain why. A gap, the definition of a gap, is the difference between the close and open of anything that trades in the market. This is a daily chart. It's a daily chart of a spy. So, this is going back here. I'm going back to the fifth, Friday. The market closed, you see the square at the top on the left-hand side, 205.88 and change. On Monday, which is here, 5.10, the market opened, 206.72. So, the difference between the close and the open is a gap. So, we close at four o'clock in the United States market and we open at 9.30 the following morning. That's what a gap is. And in the case of the spy, the market gapped up. That's it. Nothing that happens after 9.30 is a gap anymore. There is no intraday gaps. A gap is a difference between the close and the open. That's it. It can happen up or down. Now, what is a down gap today? Today, the spy is gapping down. How do I know? I look at the close last night at 4.30 Eastern time, which is 208.45. This is the pre-market right now, live at 8.24. Where are we? We're lower. We're gapping down. We're at a lower price, 207.97. Now, I don't know where we're gonna open. We're probably gonna open around this area like a little squishy in here. I've got an hour before the open. We could open a little lower. We're not gonna open higher today, but we're gonna open somewhere around in here. But the point I'm trying to make is that we are gonna gap down most likely today in the open. Then once we open, that's it. Done. Okay, so for those of you that are new to gaps and carers new to gaps, there is no such thing as an intraday gap. Once the day is open, once 9.30 starts, the market's open live, it's trading. The gap is done, whether it's up or down. So what I'm looking for is in the morning before the open, the gap. Then I pick the stop or the ETF, then I decide what direction I'm going to trade it, go long and or short it. How do I know if I'm even gonna do anything with it? The 26 point reigning system. It's gotta be 20 points or more. And if it is, then I do it in the direction that it's gapping. Boom, simple, that's it. Once the day is open, there is no more anything to look at, there is no intraday gaps, okay? Any questions, feel free to email me at melissa at the stockswush.com. This is good to have questions about these things. I never know what people know what people don't. I love questions, every question is a great question. So hopefully that answers Kara's question. Email me if you'd like more information on the next golden gap class or a child of a live trading run. Have a great day everyone.