LOW VOLUME WITH UGLY CANDLESTICK

 In Indexes, SPX, SPY

SPY volume was quite low today. On top of that, SPY ended the day with a candlestick that reminds of a grave stone doji. I can not exclude that we are at or close to a short term market top (again..).

If the pattern continues on the same track as it has for the last couple of weeks, a short term market top is due in ~7 days. The question is, will we go higher and how much from here before a significant pullback?

Below SPY 1h chart

I have no clue about today but I’m guessing on +-0 close. I will probably post intraday charts today if/when things get more clear.
Trading suggestion: stay aside.

Recent Posts

Leave a Comment

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Start typing and press Enter to search