Check out the chart and see for yourself.
On the chart posted, without exception a doji following a red candle has seen lower prices within the next few days of the doji. This doesn't mean it will happen, but the probabilities are high based on past SPX price action.
The SPX put in another doji today which makes it two in a row -- lots of indecision.
I'm more bearish then bullish, but with the price action stalled today the probabilities for a relief rally to at least 1370 certainly seems in order. What it does after that will depend on if it can close above 1370 or not.
SPX Daily Chart -- RED BARS w/ Dojis the day after
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