S+P Update - Bullish Candle Formation.

Today's price action on US equities has produced a Bullish '3 inside up' Candlestick formation . '3 inside up/downs' usually consist of a 'Harami pattern' followed by a strong move on the 3rd day of the formation in the opposite direction of day 1 of the Harami. Though the literature with regards to these suggest they are usually end of trend patterns, I have found them useful at the end of short corrections. The are also strongest when they are combined with another Candlestick signal, and this one has the third leg of the pattern as a 'Bullish Engulfing' candle.  I have attached below, the chart of the S+P500 highlighting this pattern.

This along with price action, leads me to think that the bearish scenario I highlighted yesterday is highly unlikely to follow through, and that a Bullish outcome is becoming a stronger possibility, if this can overcome 1100 this week.