Yes, you are correct on trading levels.
(wrote this before I read this post)
Stopping in here again for a vist, as for the "candle in question" I think as Risk pointed out, or as I see it, that candle never happened because SPY never traded that low on Monday. I happened to be around and that day was a gap up and never traded at those lower levels.
It was a "magical" paint job by NASDAQ or wherever the "official" data comes from
Only other thing I can think is a large deep pocket entity was allowed a block buy or something at or before bell that got calculated later in the morning ???
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