By Barrie Einarson

If you were watching the market this morning, you probably felt the same thing I did — that familiar gut-level “uh oh…” when the SPY opened and completely wiped out the early premarket bounce. After the big selloff yesterday, futures were already heading lower overnight, and by the morning session we were sliding even more. To Subscribe to Trade Ideas: https://go.trade-ideas.com/SHQ
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From around 8:35 to 9:10 AM ET, we got a quick little flurry of strength — nothing major, just enough to give traders a bit of hope.

But then the 9:30 open hit… and boom.

One giant red candle erased all that early progress. I honestly thought we were gearing up for another huge down day. We were already deep in the red, and the open made it look like sellers were here to steamroll the entire session.

And then… 9:35 happened.

Out of nowhere, buyers stepped in aggressively. What looked like the beginning of a meltdown suddenly flipped into a beautiful, steady recovery. A couple of small pullbacks here and there, but overall the SPY reversed hard off the lows and never looked back.

This kind of action is why I love trading gap-down reversals — and today, they absolutely exploded.

Every setup started triggering. Reclaims, VWAP moves, structure shifts — you name it. If you’re running the Gap Down + Reversal plays in Trade Ideas, you know exactly what I’m talking about. These are the days where preparation meets opportunity, and the market rewards you for showing up.

Now the fun part is seeing what Monday brings. After a strong reversal like this, we’ll either get continuation or a brand-new setup. Either way, we stay ready.

Trade well, stay disciplined, and keep watching those levels.