When a daily price gap (up or down) appears, how can you tell if it’s a bullish, bearish, or neutral signal? It depends on context, gap size, and whether the gap has been filled recently. Past Market Pulse articles measured how the S&P 500 tracking stock (SPY) behaved after trending gaps, different- sized gaps, and filled gaps. This study reviews basic patterns and focuses on daily gaps that form within 10 days of each other — double and triple gaps.