SPY - DRAGONFLY DOJI FOLLOWS HAMMER

١ سبتمبر ٢٠١٦

Yesterday, we highlighted a hammer candle on the SPY ETF and today we get a rare Dragonfly Doji candlestick pattern. Both patterns are reversal patterns, where bulls push stocks back to the opening levels, after initial weakness. This, paired with bottoming slow stochastics (for example) makes us bullish ahead of NFPs tomorrow.