SP500, NASDAQ, DJI: CANDLES SPEAK: 18.05.2021

Today #SPX confirmed a classical Bearish Harami and would likely go down. #DJI and #Nasdaq made a very strong step towards confirming. Three bearish alerts in a row make one think. Alert 1 – Friday, weekly Bearish Engulfing. Alert 2 – Monday, daily Bearish Harami. Alert 3 – Tuesday, confirmation of Harami.

Based on the wave structure, I would not be surprised if indices fall 1-2% tomorrow.

I hope I am wrong.

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