S&P 500Corto
How strong Selling pressure is?
looking at the Nasdaq and S&P 500 charts in the past 3 days shows 3 consecutive red days which are very similar to the famous black crows!
The only difference is you expect 3 black crows after a bullish rally, not after a 5-10% correction! this indicates sellers are strong and in control!
Reviewing the last market hour in the past few days will show you all daily gains will fade away when markets come to closure!
This phenomenon shows this correction could become deeper and longer in the time frame in comparison to the previous ones since the pandemic!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
The only difference is you expect 3 black crows after a bullish rally, not after a 5-10% correction! this indicates sellers are strong and in control!
Reviewing the last market hour in the past few days will show you all daily gains will fade away when markets come to closure!
This phenomenon shows this correction could become deeper and longer in the time frame in comparison to the previous ones since the pandemic!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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