 Welcome to this folks. Tonight I'd like to draw your attention on something that is a little different than what we're used to and Something that is a little different than what we've actually showed you and It's the gap warning Right now in front of you you have the S&P 500 index the SBX You're probably used to looking at the spy spy is the exchange exchange traded fund ETF the SBX is in fact the real index One is traded after hours and 24 hours in fact if you're when your broker allows it spy can trade 24 hours as of the S&P 500 the index itself doesn't So what you will see is what happened last Thursday And that is a gap up on the morning This is the clothesline on Wednesday night, and this is the open on Thursday morning. So basically you have an area area here where there's nothing It's a void. It's a gap up And this is what was interesting. I'm not talking about looking at it to fill Right away. However, you have to keep an eye on possibility for it To eventually fill and this is where I'm looking at spy same time However, you see that this one has the after hours right here where this is the Wednesday When closing time and this is at the bell Right, so the gap that you saw on the SPX is this gap basically what we're looking at is a situation where we close At the low point a little under 422 I recall and we are opening 423 and what happened is let's say you're rock climbing you're going up and you put an anchor somewhere in this vicinity and then Oh, we're a market all-time high You put another anchor there the anchor. Let's go What's going to happen? You might hold on the next anchor right on this anchor and Then if this one goes Well, you're left with this anchor, right? Which is support and then if this one goes This one goes well, I Mean if this That's it. That's your lifeline right there and if this one was to let go. What's going to happen? Well, you're gonna hold from this guy here all the way down to the next support and you're gonna fall to Fill the gap now it's hard to see here because there's a lot of activity in The after hours, however, if we were to go back to where we were here, you will see that We closed Open Went up then our anchors didn't really hold well and we ended up bouncing Filling the gap This was the gap Make that a little clearer This was the gap and we bounced right on that gap now What I'm trying to draw your attention to is not Well, you could have been this could have been a very good put play however my attention is to grab the bottom here the bottom is The gap is filled we've broken many support lines, right and Now we're down lower if we're going if we go back to the Spy line This is when we entered we were interested in entering at this support line why? showed you the gap is filled and the Spocastic momentum index was down and if I recall in the five minute it was down at minus 94 Which is really really low? So basically it's really extended the bottom and it has to bounce at one point. So My point was at least We're going to try to fill The gap back up to 423 Right, we were down to 422 So this is why just a hair on the 422 this is why we called the 422 calls and 120 and When we reached the first target of 423, right? This line, which also is this line. You notice We were up and we called a partial exit at 182 182 and When we reached this area We were up 100% on the remaining position where we close it to 40 So basically what I'm trying to show you guys is this Look for possibilities of a gap to get filled and this morning that morning That gap got filled after the whole thing didn't last didn't hold Filled the gap and it started moving up afterwards It's not always the case but on all gaps keep an eye on and keep an eye open for this possibility To have the gap felt either trade the gap down or trade The move up after the gap is filled But keep your eyes open for this We managed to get pretty decent trade in no time. I Hope you guys will put this into your tool bag and maybe I'd be able to exercise it When time comes I Hope you're learning something from this guys and I'm glad to have us Alright, have a great weekend