next day: tuesday, page-2

and as with all candles, their meaning is derived from the trend and strength of that trend. A hammer at the top isn't as bullish a sign as it is in a downtrend. It could suggest topping volatility. Nontheless, in this case with spx, not dow, it was a retest of support at the .618 level of the decline, very neatly, so looks good to me. Sort of argues against major decline from here anyway.