SPDR S&P 500 (SPY)

[learningboutinv]

Dan,

You're a candle guru right? We have a spinning top on the NDX and SPX. RUT looks like a DOJI and MID and INDU may not qualify as a spinning top. Anyhow, I thought spinning tops and DOJIs were major indecision by bull/bear. However, if the spinning top or DOJI occurs during a downtrend or an uptrend and the candle is out of the Bollingers Band there is a chance that a trend reversal is at hand?

I'd be a little more positive of a trend reversal if the MACD-D or Stochastic was crossing up and not down. I guess we'll find out next week when BX and a few REITs reports next week, should definitely make next week interesting.