 Good afternoon everyone and welcome. This is Melissa Armo with the stocks. Why should I thought I would review the spy here today? It's a Saturday afternoon and Sometimes I get a really good arena. What's going on here and stuff during the weekend? So we did not break the low from Thursday in the spy. Interesting. The spy is definitely stronger than the QQQs. As far as looking at both these ETS, which is the ones I focus on. I really expected us to gap up here a follow-through immediately. On the day from Thursday because the drop-off bounced so aggressively and so huge and so much buying him in on the day on Thursday on the 16th that I felt that we would follow through somewhere on Friday higher. We didn't. We got down. We got down and we fell and Then closed. I wouldn't say we closed week, but this isn't a strong close like on Thursday It's more neutral so I think Monday is going to be and really this whole week This upcoming week is going to be a big test for the market to see where we go next It is stronger for the market if we just follow through higher here If we pull all the way down to this area here I have no idea the timing when we will get up over the high We will still make a brand new all-time high once again in the spy Which we haven't done this year when we did it. It was more than a year ago. It was May 2015 And I thought we would have done it by now. We got so close here Then we pulled in and then we look like we're going to follow through right here. We didn't do it So reading these gaps in the market one of the very interesting things is that there's not been any follow-through to the downside There has been follow-through to the upside You know, we haven't gotten over the high, but there's definitely been more follow-through to the upside here than to the downside However, when people read Trends and pivots which people often do that trade the market or study technical analysis or look at charting patterns People are reading this as a series of lower highs and lower lows in the market or even tops The fact that we broke this area in here doesn't really have any meaning It doesn't mean we're going to fall the way down here and even if we do and we fall all the way down and make a Recent low in here. It doesn't mean we're still not going to get all the way up over the top But I do think that this week is a significant week for the market to see if we follow through here right away Into the support area and rally up again One thing that is interesting though looking at all the areas we keep making here The next time we go up here. I Have a hundred percent conviction. We're going to get over it We've retested this now so many times if we're going to do it We need to just get right on over the next time we go up around But I don't know when and that's why I'm saying this week will be very telling for the market how we open on Monday morning and how we got This is Melissa Arma with a stocks push and if you'd like more information on how to read gaps and ETS or stocks Email me at Melissa at the stocks wish calm the next golden gap class is June 25th and 26 if you want to learn how to trade gaps during an earnings season starts in July There's going to be a lot of good trades in July and August people think typically the summer is a slow month But not if you trade gaps like me. It's actually third quarter earnings season reports come out And so it's a busy time to trade. I'm not trading all day I never do but I trade in the morning quickly and that is the time to make money In the summer have a great day everyone and email me at Melissa at the stocks wish calm if you'd like more information