CandleStick Charts of SPY in Summer: 1993-2019
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Test ideas about Candle-Sticks here.
6/26/2019 SPY
Closing
Power uptrend is broken.
Still
above both 21dma and 65-dma. They nest and will therefore act as support.
One
big red down day (6/25)
4
straight down days.
Declining
price trend, having broken price uptrend.
-- 4 straight red candle-sticks
more over shows an oversold condition. (marked with slash)
-- A a big red down day
(all-encompassing) after a rally is bearish in 7 of 9 cases.
Good Examples June 1994, June 1996, June 1998, May 2001. June 2008, June 2011, June 2013,
Bad Examples June 2012, June 2018
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