Replies to post #253847 on SPDR S&P 500 (SPY)

[risk on]

Not really, more like a reversal of the reversal seen thursday ( inverted hammer) . In fact, the two candles together are “ dueling hatchets “, which usually means continuation of the point from whence they began , down. Also VXX closed below 9 ema third day in row, but more importantly to me, it hit EXACTLY on the 9 EMA as R the past two days , and that’s where both upper wicks touch, perfectly .

It is a reversal candle , but the ole nemesis R of 9 ema seems to be back. “SEEMS “ to be back because nothing about VXX the past two weeks has been “ normal “.

In fact , VXX closed above its 9ema and 27ema on the weekly charts. But, unfortunately there the past weeks candle was a bear harami.

Not looking technically like a certain pivot back up, but vxx is weird about , well everything , and especially technical patterns, so who truly knows.