SPY Working off of an Island top that was established last Thursday. The candle stick term is called a Bearish Abandoned Baby. Typically, the trend reversal is confirmed by the black candlestick on the third day. There are other factors …
SPY closed down .7% with a Distribution day in volume, the first since June 23. If filled the gap that was left from Thursday and closed above 134.10 which was the high that was made for three days before the …
Today, SPY had the Accumulation day in volume with a big gap higher closing up 1%. The buzz was that a lot of today's rally was in anticipation of a good unemployment number in the morning. Regardless, just looking at …
This week's action is more of a sideways correction since the market is holding up remarkably well. SPY had a bullish engulfing pattern today on light volume. It has worked off some of its overbought condition, although not by very …
A DOJI day in SPY with light volume. Now, 133.78 where the open and close is becomes pivotal. It also had an inside day which means above 134.10 see no reason why the move should not resume to the upside. …
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