SPDR S&P 500 (SPY)

[risk on]

The weekly is not as bad as the candle looks. I just edited the prev message to reflect the news that the weekly candle maintained a close above its 9 ema. In fact, it closed virtually on it. That close right on it can produce a strong result. The candle itself screams reversal, but that could be a false flag. Maybe you are correct in a gap down , but then doji to finish the week. But it’s also possible next week could see 275+. “ WHAT?! How can you say that ?! “ because SPY weekly oscillators are ready to move higher in a big way, and the candle that still controls the show is the doji ( 2 DOJI back to back in fact) reversal candle/s a few weeks back, and until the candle just booked is confirmed , the board is run by the bottom DOJI ( plural ).