That Monthly Candle

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A comment today after the close caught my eye:

0229-monthly

I don’t normally look at monthly candles, but I decided to peek……..

0229-presenthang

So we can see January’s lovely drop (green tint) followed by February’s maddening, lame-o, close-near-the-highs candle (which spanned a huge range).

I looked on the S&P 500 cash for a similar instance, and I found one……..

0229-hang

Which, umm, preceded this (take note of the first two bars on the left side of this chart; those are the green/magenta pair):0229-after

Anyway, just give me a down March, OK? It’s really not that much to task.