Did you see that beautiful dragonfly?

95 views

That’s the dragonfly doji candlestick chart pattern I’m referring to in the SPY daily chart.

See the SPY daily chart below:

 

Here is the description of the Dragonfly Doji chart pattern:

Dragonfly Doji

The Dragonfly Doji is a significant bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends.

Per this positive price action coming to the end of today, I bought back most of what I sold in the morning plus some.  I was able to buy DDD & SSYS as a discounted price.

I do not know how the fiscal cliff resolution will turn out this weekend but price action is telling me the bull is putting up a good fight against the bear today.

Trade well!

Comments are closed.
Previous Posts by zenhunter