The major US indices signal a continued rally. Strong bullish signal by candles. The buy signal yesterday stands. Let’s have a look closely.
The upper row – daily candles, the bottom row – weekly.
Three White Soldiers on the daily chart signal further advance.
Min target: $2350.
Completed Three White Soldiers yesterday. A pause for a few days would be normal, before moving further up.
Three White Soldiers on Monday was the strong signal. However, the two gaps yesterday and today could be concerning. Possible pullback to close at least one of them.
In case of a third gap tomorrow – big bearish alert.
The weakest formation. Rather neutral at this point.
The buy signal:
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