If the SPY closes Wednesday’s trading session near its high-of-day, it will form a bullish Marubozu candlestick, which could indicate higher prices will come again on Thursday.

When a Spinning Top is formed in an uptrend, the one we are in right now, suggests that the buyers are losing conviction and a possible top could be in place, but will still require confirmation.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.