Jul

20

I found an interesting chart (normally I don't appreciate most of the stock market related charts as they cause illusion) on twitter, which was something refreshing.

Basically I am taking yesterday's close as 100 and marking current OHLC's in reference to it.

Below is $SPY modified candlestick chartChart for the last 20 days for a clear reading.

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Here is the $SPY daily modified candlestick chart since start of this year for a longer view.

I have to do bit further research over the weekend if this type of notation is of any use for new types of price pattern extractions.


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