SPDR S&P 500 (SPY)

[risk on]

Harami candle , bearish or bullish , it's where a small candle forms within the body of the previous candle , via a gap down or up, and the wicks are also contained within.

Haramis have been one of the best indicators for spy up or down.

There's one tiny flaw with this weeks candle in that the upper wick went outside last weeks candle , but very slightly , and the fact that this weeks candle was even a harami at all given the smaller size of last weeks is rare..

Generally haramis are seem when the previous weeks candle is large.

This weeks candle at very least shows indecision at the top and a seeming ceiling spy is hitting in well OB territory .