Replies to post #253833 on SPDR S&P 500 (SPY)

[risk on]

That’s some serious justifying spin for what is quite obviously a reversal candle. Just sayin, I’m not sure I could defend that client, Mr Shapiro. ;-)

Although, “ waitin for confirmation first” is always an exculpatory defense , and that’s a Clarence Darrow type rule . Sacrosanct

I agree w the conservative choice being to wait for confirm , but jeez look at that reversal sign ( doji like candle at the top) . Very Hard to ignore, snd an even harder discipline to wait.