Today daily candles of the major indices did not signal immediate decline. Quite the contrary. The odds are rather neutral and tomorrow would be a decision day.
Smallcaps – an inverted hammer on almost oversold conditions – could be a strong green day tomorrow.
SPX – an inverted hammer, could be the end of decline. So far, the price is above 8 EMA and nothing is broken technically.
NDX – the most concerning one. Could be viewed as a continuation down.
DJI – a healthy consolidation before moving upwards.
The weekly candles tomorrow would be of great importance. The chances of forming the bearish/bullish weekly are 50/50 at this point. Thus, the critical day tomorrow.
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