Candles Speak – Mid-Day – Major Indices

1. If SPX closes below 3678.83, it will produce a complete Bearish Engulfing, the strongest of the bearish reversal candles that normally does not require confirmation. 70-80% chance of the reversal.
2. If NDX cash closes below 12504.97, it would do the same as SPX.
3. Target for DJI – 29972.07
4. SmallCap would complete the Engulfing if closed below 1881.70

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