On May 1, 2026 a shooting star appeared in the S&P500 and SPY. Prior to this a bearish engulfing candle appeared on April 21, 2026. This same sequence occurred on February 9, 2023 and February 16, 2023. It was followed by a 5.6% decline in the SPY before moving higher.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
