S&P 500 Index - Strong Reversal Candle

8 ก.ย. 2020

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.