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US stock market · candlestick pattern

Doji on SPDR S&P 500 ETF

On SPDR S&P 500 ETF the doji showed up 151 times. Within 12 candles price broke up 56% of the time, broke down 44% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7353%45%1%
Hourly7858%42%0%

SPDR S&P 500 ETF against the rest

ChartsFoundBroke upBroke downStayed inside
SPDR S&P 500 ETF15156%44%1%
All US stock market charts4,52054%45%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016540%60%
2017967%33%
2018580%20%
2019838%62%
20204100%0%
2021838%62%
2022838%62%
2023667%33%
20241050%40%
20254351%49%
20264562%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 doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on SPDR S&P 500 ETF

Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Gap down · Spinning top · MACD bearish cross · RSI overbought drop · Volume profile bounce · Volume profile rejection · all of them

The doji elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on SPDR S&P 500 ETF?

In 151 cases on SPDR S&P 500 ETF, price broke up 56% of the time, broke down 44% and stayed inside 1% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.