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.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |