Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
I don’t recall a time where there were so many unfilled gaps on the S&P 500 chart. Going back to the mid November reversal and inclusive of this morning’s there are now five.
11/19/12
1/2/13
1/17/13
2/5/13
2/8/13
Just to fill the middle one is nearly 45 S&P points lower. Going to be interesting when and how most (if not all) of these fill; in most cases these take care of themselves in a 2-4 month time frame. The breakaway gap of 11/19 might be a different story but as we have seen in 2010, 2011, 2012 there usually is an excuse every year to go back and fill gaps that seem at one point impossible to fill.
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