CANDLES SPEAK: Daily

1. NDX and futures closed with Hanging Man. Requires confirmation, better tomorrow. Price needs to close at ATH in order to cancel those.
2. DJ cash technically confirmed reversal and should close lower tomorrow. DJ futures completed a complex combo that requires a confirmation. Ideally, lower than today’s low.
3. SP and ES completed with clean Hanging Man candles. Both require confirmation and it could take several days to close below today’s low.
4. SmallCaps is the worst. Cash completed Tower Top and Bearish Engulfing at the same time. Very bearish. Note that daily PSAR also flipped bearish today.

I view that it could take a day or two for all indices to align and join the SmallCap. New higher highs are not forbidden at this point.

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