bigger, longer, uncut.....

...Marubozu candle that is. The S&P 500 & DJIA opened and closed today at the highs of the session which turned out to form what is called a full Marubozu candle, see also here. The Nasdaq and Russell2000 were almost, but not quite, Marubozu candles and all closed above their 20-day EMA's.
DJIA
S&P500Nasdaq100Russell2000

the Full Marubozu

Today's session in the DJIA, S&P500 and the Russell2000 left us with a full Marubozu candlestick on relatively strong volume. In such a bearish market we could have expected a corrective phase somewhere along the line. So, we will see where the irrational exuberance leads us.