SP500, NASDAQ, DJI: Bearish: 12.05.2021

Today SP500, Nasdaq and DJI futures made a major bearish statement. SP500 completed Three Black Crows. DJI formed a Tower Top. Nasdaq managed to cancel a powerful bullish reversal candle of yesterday.

In addition, SP500 today joined Nasdaq with a bearish 8/20 EMA cross. DJI on its way.

I think that on Thursday/Friday the indices might take a pause before resuming their march down the next week. I don’t see any bullish candles for now.

Please follow the blog on Twitter: @InvestingAngles

%d bloggers like this: