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US stock market · candlestick pattern

Spinning top on SPDR S&P 500 ETF

On SPDR S&P 500 ETF the spinning top showed up 186 times. Within 12 candles price broke up 51% of the time, broke down 47% and stayed inside 2%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8957%42%1%
Hourly9745%53%2%

SPDR S&P 500 ETF against the rest

ChartsFoundBroke upBroke downStayed inside
SPDR S&P 500 ETF18651%47%2%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161354%46%
20171547%53%
2018667%33%
20197100%0%
2020450%50%
2021757%43%
2022838%62%
2023650%50%
20241242%58%
20255947%49%
20264951%47%

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 SPDR S&P 500 ETF

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

The spinning top 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 spinning top work on SPDR S&P 500 ETF?

In 186 cases on SPDR S&P 500 ETF, price broke up 51% of the time, broke down 47% and stayed inside 2% within 12 candles.

What is the spinning top?

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