SPDR S&P 500 (SPY)

[risk on]

Yeah, it’s not pretty looking, but the WEEKLY candle ALSO closed ABOVE its 9 ema, barely. At times after an ostensible reversal type candle , SPY produces its exact reciprocal the next period , so “ shooting star” >>>>”hammer” , which creates a condition called “ dueling hatchets “ and that generally indicates continuation in the initial trend , which would be UP.

So, after all that dreamy sales pitch, the truth is it’s a shoot star , snd kinda scary looking .