Tale of the long tail
The long tails here are actually gap downs. The red box shows color matching of candle sticks 2 week prior to gap down. If the recent price action repeats itself, we should see spy fall to 161.55 in the next two days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.