S&P 500 Index - Strong Reversal Candle
The S&P 500 Index (SPX) just printed a candle that signals a stop...
It is early to call it a top if we go by candlestick reading but this market is now undecisive.
If we have a weekly close below EMA10 we are very likely to see a huge drop of up to 8%.
(-8% for the SPX)
We already have strong bearish signals developing on the daily timeframe...
The bears are now entering the stage...
The SPX is peaking.
Namaste.
It is early to call it a top if we go by candlestick reading but this market is now undecisive.
If we have a weekly close below EMA10 we are very likely to see a huge drop of up to 8%.
(-8% for the SPX)
We already have strong bearish signals developing on the daily timeframe...
The bears are now entering the stage...
The SPX is peaking.
Namaste.
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