The S&P 500 ETF (SPY) formed a rare bearish candlestick reversal pattern over the last two days. The Bearish Meeting Lines pattern forms with a white candlestick and a black candlestick that have relatively equal closes. In particular, the black candlestick reflects a strong open and a weak close. A move below the white candlestick low would confirm this pattern.
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Click this image for a live chart.
