<center>https://mentormarket.io/scaredycatguide/wp-content/uploads/sites/6/2018/12/stock-market-2616931_640.jpg</center> <br/>Generally I like to see clear entry signals, but sometimes I try to anticipate a move if it is offering me a low risk proposition with a solid reward.
<h3>Taking a Shot on a Spinning Top</h3>
There are many names for candlesticks and candlestick patterns.  Spinning top is one of them and it is what I am seeing on the daily chart of the SPX.

<img class="alignnone wp-image-2667 size-large" src="https://mentormarket.io/scaredycatguide/wp-content/uploads/sites/6/2019/01/Capture-1-1024x558.png" alt="" width="900" height="490" /><br/>

After seeing the SPX gap higher three consecutive days and then create a spinning top yesterday I thought why not get short at the close of trading and put in a stop loss at the day's high.

Basically, for me a spinning top is when we get a doji candle (indecision candle) after a extended move higher.

So between that and the fact we are pulled away from the 10 day moving average and in a resistance zone (as seen by the lines drawn on the chart) I figure there could be some backing and filling at a minimum, even if things were to remain strong.

Plus, my risk is only 11 points on the upside, hence me willing to take the gamble.
<h3>Lower Open</h3>
After three straight gaps higher to open the day, SPX is set to open lower today.  We are off to a good start, but let's see how the day plays out though.

Downside I'm looking for 2535, but may take profits at some higher levels that make sense on a day trade basis.

And we are off...

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<p style="text-align: center;"><em>Published by <a href="https://mentormarket.io/scaredycatguide/">ScaredyCatGuide</a>
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