S&P Starts Challenge on Spike High
I've mentioned the importance of Friday's close on the Russell 2000 here, but the S&P finished the week doing its own thing as it worked to reverse the dominant bearish inverse hammer. This particular candlestick is of particular concern, not just because of the pattern but the huge volume which went with it. However, the end of week finish was positive as the index was able to poke its head into the spike high of the inverse hammer.
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