#SPX #DOW #NQ #RUT = Candles Speak – Big Bear Alert = 18.08.2021 #NQ $SPY #QQQ #US30 #ES_F #RTY_F #NQ_F

Yesterday’s candle alert perfectly materialized today. If indices do not recover by EOW, the strong bearish weekly candles could reverse the mid-term trend down. Let’s have look into the candles details.

The upper row – daily cash indices, the bottom row – current weekly candles of cash indices.

CANDLES SPEAK

RUT
RUT formed a standard bearish continuation candle. Expect a decline tomorrow.
If $2100 does not hold in this pullback and this week closes below, the next stop would be $1850, worst case – $1600.

SPX
SPX confirmed the Bearish Kicking, formed a strong continuation candle. The weekly would form a strong Inside Down if closes at this level or lower.

NDX
The daily candle points down. If NDX closes on Friday below $14180, expect a multi-week/month corrective action.

DJI
The daily candle is strong bearish. The weekly is on track to form an Inside Down combo.

FORECAST:
If all indices do not suddenly recover by Friday, they will all form various bearish candles/combos with the perspective of a multi-week/month decline.
There is still little hope.

The sell signal yesterday was correct!

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