SPDR S&P MidCap 400
The investment seeks to provide investment results that generally
correspond to the performance of the S&P MidCap 400 Index. The fund
holds all of the S&P stocks in the MidCap 400 Index. It is a unit
investment trust that consists of individual ownership interest units
called SPDRs in the MidCap SPDR trust. The fund issues
and redeems MidCap SPDRs only in multiples of 25,000 in exchange for S&P MidCap 400 Index stocks and cash.
The last two candlesticks formed a Bullish Kicking Pattern . This is a bullish reversal pattern that marks a potential change in trend. This Bullish Kicking Pattern is a strong sign showing that the market is headed upward. The previous market direction is not important for this pattern unlike most other candle patterns. The market is headed up with the Bullish Kicking Pattern as the prices gap up the next day. The prices never enter into the previous day's range. Instead they close with another gap.
Nice kicking pattern here, we expect it to continue to rise today. Watch May 153 calls at $2.40