SPY missing wick: more pain to come

Bottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom'

Last week SPY decline lacks a wick. Suggests more Down to come.
candleS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) wicks

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