SPY is sitting at an interesting level here again at the end of this week and printing a dragonfly doji. Do we see a change in the trend next week or the near future?
What’s your take on it? Breakout or breakdown? I still can’t believe the market has almost fully recovered, crazy.
TheBreadMaker What goes up must come down. After 9 straight green weekly candles, we closed a red one today, also a dragonfly doji.
Very true, that dragonfly doji is setting the chart up so well for a pullback. Wouldn’t be surprised to see mid to low $270s next week.
If you use /ES, the weekly candle was green 😀