Markets › SPDR S&P 500 ETF › Gap down
US stock market · price-structure setup
Gap down on SPDR S&P 500 ETF
On SPDR S&P 500 ETF the gap down showed up 192 times. The target came first 40% of the time, the stop 60%, and 0% went nowhere within 12 candles.
Counted on SPDR S&P 500 ETF: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 96 | 32% | 68% | 0% |
| Hourly | 96 | 48% | 52% | 0% |
SPDR S&P 500 ETF against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| SPDR S&P 500 ETF | 192 | 40% | 60% | 0% |
| All US stock market charts | 4,695 | 36% | 61% | 3% |
| Every market | 10,856 | 36% | 61% | 4% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2016 | 7 | 43% | 57% |
| 2017 | 4 | 0% | 100% |
| 2018 | 12 | 50% | 50% |
| 2019 | 5 | 40% | 60% |
| 2020 | 16 | 38% | 62% |
| 2021 | 11 | 18% | 82% |
| 2022 | 10 | 30% | 70% |
| 2023 | 4 | 50% | 50% |
| 2024 | 13 | 23% | 77% |
| 2025 | 57 | 44% | 56% |
| 2026 | 53 | 47% | 53% |
The last 8 times
- 8 Oct 2026, 09:30 ET · hourly · target first after 3 candles
- 7 Oct 2026, 09:30 ET · hourly · stop first after 2 candles
- 28 Sep 2026, 09:30 ET · hourly · target first after 8 candles
- 24 Sep 2026, 09:30 ET · hourly · target first after 1 candle
- 14 Sep 2026, 09:30 ET · hourly · stop first after 2 candles
- 14 Sep 2026 · daily · target first after 2 candles
- 10 Sep 2026, 09:30 ET · hourly · stop first after 7 candles
- 10 Sep 2026 · daily · stop first after 1 candle
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
What the gap down is
Price opened below the previous candle's low. It jumped down between the two candles.
Imagine a shop that shuts at night. While it is closed, bad news spreads about a toy, so when the shop opens, the very first price is already below anything paid the day before. On a chart, a candle that starts below the bottom of the candle before it is called a gap down.
The full gap down lesson, video and quiz ›
Other patterns on SPDR S&P 500 ETF
Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Spinning top · MACD bearish cross · Doji · RSI overbought drop · Volume profile bounce · Volume profile rejection · all of them
The gap down elsewhere
Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony
Questions
How often does the gap down work on SPDR S&P 500 ETF?
In 192 cases on SPDR S&P 500 ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 40% of the time and the stop came first 60%; 0% went nowhere within 12 candles.
What is the gap down?
Price opened below the previous candle's low. It jumped down between the two candles.