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US stock market · candlestick pattern

Spinning top on S&P 500

On S&P 500 the spinning top showed up 175 times. Within 12 candles price broke up 47% of the time, broke down 49% and stayed inside 4%.

Counted on S&P 500: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9243%54%2%
Hourly8352%42%6%

S&P 500 against the rest

ChartsFoundBroke upBroke downStayed inside
S&P 50017547%49%4%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161735%65%
2017944%56%
2018560%40%
2019771%29%
20201164%36%
2021617%83%
20221127%73%
2023580%20%
20241735%53%
20253944%51%
20264856%38%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on S&P 500

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Gap up · Gap down · RSI overbought drop · Doji · EMA 9/21 bullish cross · EMA 9/21 bearish cross · all of them

The spinning top elsewhere

Dow Jones · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the spinning top work on S&P 500?

In 175 cases on S&P 500, price broke up 47% of the time, broke down 49% and stayed inside 4% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.