Today the major US indices formed various bearish monthly candles/combos. All on overbought RSI. Previously, a similar condition happened in 2018. Smallcap and NQ – Hammers. SPX – Dragonfly Doji. DJI – Spinning Top/Evening Star.
The candles typically require confirmation. June will have a lot of see-saw.
Time for a sizeable reversal? I hope I am wrong.
Please follow the blog on Twitter: @InvestingAngles or by email subscription.
2 thoughts on “#SPX #DOW #NQ #SMALLCAP Bearish Monthly Closure 28.05.2021”
Comments are closed.