gb50k

SPY missing wick: more pain to come

FX:SPX500   S&P 500 index of US listed shares
Bottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom'

Last week SPY             decline lacks a wick. Suggests more Down to come.

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gb50k PRO
11 months ago
Thanks to kosai19 for drawing my attention to this.
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