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Spinning Top Candlestick

· Many mistakenly think that Spinning Top is a bearish pattern, perhaps because of the word “top” in it.

· In isolation, it is essentially a neutral/hesitation/indecision pattern; Per Bulkowski, spinning tops reverse the prior trend only about 50% of the time (a coin flip).

· A spinning top candlestick is a short‑body candle with long upper and lower wicks, signaling market indecision and potential trend reversal or continuation depending on context

· While Investopedia does not have a dedicated “spinning top” entry, its candlestick charting guide explains that each candlestick is defined by open, high, low, and close prices. A spinning top is a specific variation where the real body is very small (open and close are nearly equal) and is flanked by long wicks on both sides. This shape shows that during the period, price moved significantly in both directions but ended near the starting level.

· How it forms

· Small body: Open and close prices are almost the same. Lon

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NDX Technical Analysis

· I warned about the Spinning Top (almost a Shooting Star candle) on 5 October; it was a yellow/red flag in combination with being well above the upper Keltner channels and a weakening Bullish Percentage Index and Up-Down Percentage.

· I mentioned to expect at least revisiting the middle Keltner, and possibly lower.

· Subsequently, the NDX hit the lower Keltner channel and crossed below the 100D MA.

· Notice also that the NDX/VXN ratio (VXN is NDX VIX) exhibited a negative divergence at that spinning top, which was another bearish sign (see the lower panel); see also the early 2026 negative divergence in the NDX/VIX ratio.

· When NDX/VXN spikes above the upper Keltner channel, it usually quickly returns back inside the Keltner channel, visiting either the middle or the lower Keltner channel; A mirror image reaction happens when the NDX/VXN ratio spikes below the lower Keltner channel.

· The circles in the lower panel indicate spikes of the ratio below the lower Keltner

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For any decision to Buy see the price.

What price you are buying ..

I keep saying this again and again. Investors keep forgetting this Basic thing.

Understand what to expect when you buy Rs 35 price stock, when you Buy 135 price stock and so on and so forth.

And don't invest more in Dark Horses or penny stocks. Penny stocks are like one in thousand , if it will become multibagger...One can have 5 penny stocks and all can FAIL. Because they are penny stock. So understand the Risk. Low price shouldn't be the criteria to Buy. Price went down shouldn't be the only reason to Buy. There will be temptation to Buy, but think twice before averaging any stock that went down.



Dear All,

I’d like to inform you that Monday is HK public holiday and I will likely not have stable internet access all time since where I am going is a place deep in a national park 7 hour train from HK. Nevertheless I have the laptop with me, but cannot 100% guarantee this weekend can put out my commentary before US futures trading resumes

Long term

Bloom Energy Corporation

Bloom Energy Corporation

16 Oct

OPENLONG

Invested Capital

5%

Buying Price

223.0$

Current Price

-

ROI

0.00%

Massive spike in VIX - looks like it is OPEX drivevn rather than a real problem

This is the reason why Oil stocks have been weak in the past 48 hours, despite front-end crude oil futures rising

Pick Your Lane: Technicals or Fundamentals


Every red portfolio is a test. Not of the stock — of the reason you bought it. If you had a clear reason, red is either a bounce setup or a discount. If you had no reason, red is panic. The market has two sides. You have to choose one and actually understand it.


Lane one: the technician.


The technician does not ask whether a company is good. He asks where the price is stretched. Oversold is his buy signal — not because the stock deserves it, but because sellers are exhausted and a bounce is probable. He buys the washout, sells into the first relief rally, and keeps size small because bounces fail. His tools are support zones, RSI, moving averages. His timeframe is days to weeks. His edge is discipline: he takes the small win and leaves before the bounce dies. If you trade oversold without a stop and without an exit plan, you are not a technician — you are a gambler with an indicator.


Lane two: the fundamentalist.


The fundamentalist does not care th

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New Highs - New Lows

  • New Lows exceed New Highs on NYSE
  • First spikes down of New Highs - New Lows when the SPX is near highs usually precede bigger corrections


🚨 Attention Slice Weekend Chart Club subscribers:

I just posted a special midweek update on Slice today highlighting an excellent risk/reward setup.

Full chart, levels and risk-management plan.

If QQQ hits the macro 2.618 Fib on Thursday 22nd October, we live in a simulation lol