Candles Speak – Major Indices – Mid-Day

There are 2.5 hours before the close, but there are some interesting observations can be made in the candles world.
1. SPX, DJI, and NDX seem to be consolidating at the bottom of that large red candle made on Thursday. The price needs to stay below the mid-point of these candles to keep the bearish pressure.
2. NDX looks like still holding the fort.
– If NQ closes above ~12510, there is a chance for bullish continuation.
– If below, the bearish consolidation solidifies.
3. DJI seems to be leading the pack to the downside.
4. SmallCap could complete a Bearish Hammer or even an Engulfing.

It would be clearer 30 minutes before the close.

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