With a strong open on Monday and weakness the rest of the week, the S&P 500 ETF (SPY) formed a long black candlestick that engulfed the prior white candlestick. The week is not yet finished because Friday remains. A close below last week's open would forge a weekly bearish engulfing. A close below the mid point of last week's body (135.055) would forge a dark cloud pattern.
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