SPY making a triple bottom + hammer?

Discussion in 'Trading' started by IronFist, Nov 13, 2008.

  1. the nyse is open till 4:02 today?
     
    #11     Nov 13, 2008
  2. Does this still qualify as a hammer? I'm not that great with candlesticks so I don't know what the name of it is, anyone know?
     
    #12     Nov 13, 2008
  3. MKTrader

    MKTrader

    Bullish engufling. Coming at the third leg of a triple bottom on the biggest daily volume in nearly a month. I'm not calling a bottom, but technically this looks very bullish. At the least, it could begin a multi-week rally (supported by seasonality).

     
    #13     Nov 13, 2008