Category Archives: Indices

Bullish Morningstar Reversal Pattern On The SPY Chart Suggests Retest Of Recent Highs

Thursday on Twitter we pondered the possibility that a bullish morningstar reversal pattern could be forming on the $SPY daily chart. The only piece of the pattern missing was the third and final large bodied up-day candle. That was exactly what we got at the end of Friday’s strong session, with the formation of a… Read More »

Investor Concern Replacing Complacency – Reversal Pattern On The Volatility Chart

The iPath Short-Term Futures ETN (VXX) tracks an index with exposure to futures contracts on the CBOE Volatility Index with average 1-month maturity. It resets daily so traders should use it as a short term and not a long term trading vehicle. That said, a bullish morningstar reversal pattern has developed on the VXX weekly… Read More »

This Pattern Has Marked Highs In The Russell 2000 Since October 2018 — Another Just Formed

All the significant highs that were made on the Russell 2000 (RUT) chart, going back to October 2018 have been signaled by an eveningstar candle pattern. Most readers know what a candlestick pattern is and what it suggests about trader sentiment. The eveningstar is a three day reversal pattern that starts with a large up-day… Read More »