SPDR S&P 500 (SPY)

[omandan]

Learning
LOL, I am by far no Guru on candles. The only Guru on them I know of is Steve Nison, he's written a couple of excelent books on them. I do look at them & use them to the best of my ability, which may not be a whole lot.
As for the candle going out of the BB's, either top or bottom being a signal of a turn around in market direction. I discovered this several years ago. Did a lot of tracking of it & came up with the conclusion that this works in a very high % of the time. The main thing I found is that the WHOLE REAL BODY of the candle has to be outside the BB, do not include the high - low shadows or the real body just partly outside the BB.
SPX, SPY, DIA, MDY, INDU are all good examples of that right now. Also I use RSI, Williams % & Slow Stochastic, all are on the bottom indicating an UP move.
Now watch, it won't work monday, LOL
Dan