MARKET: LIL BEAR ALERT: 17.05.2021

This is a reminder that on Friday the major US indices closed with bearish candles that was rather rare. #SPX was the worst, followed by #Nasdaq, #DJI and #Smallcap.

SP500 formed a Bearish Engulfing that engulfed three! previous weeks. Nasdaq closed as a red candle below the previous week low. DJI made a Dark Cloud Cover.

These were significant bearish statements on the weekly charts, supported by technical indicators, predicting a decline. I hope I am wrong.

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