$SPX $SPY Monthly View $SPX Monthly View
Ok, so this is absolutely NOT intended for intraday or near term trading… this is a long view and it could play out immediately, or it could be days or even weeks….
There are a few of the notable MONTHLY bearish shooting star doji candles…. One right before the covid crash…., Nov. 2021, This month…
And previously - July 2000, May 2001, July 2007, May 2008…
This candle seems to show up on the monthly chart at the most ominous times…. There are others, with smaller declines, but it often shows up for a bigger move….
One day at a time, though… this is just to see the bigger picture…
