S&P500: Bearish now? Maybe
Last Friday I said we might see some retracement today. It didn't happen!
But if price continues to go sideways until market closes, then we have a Daily bearish doji. This is a better reversal candlestick pattern.
However, this just mean we should see some retracement. How much of it remains to be seen. Price needs to break below the 5990 area to see greater retracement.
If it doesn't, then we should see more sideways action for the rest of the week.
For now, I think price is going to chop around the range area.
But if price continues to go sideways until market closes, then we have a Daily bearish doji. This is a better reversal candlestick pattern.
However, this just mean we should see some retracement. How much of it remains to be seen. Price needs to break below the 5990 area to see greater retracement.
If it doesn't, then we should see more sideways action for the rest of the week.
For now, I think price is going to chop around the range area.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.