Today major US indices closed in unison. Bear flavor everywhere. Let’s explore.
Last week on Thursday I issued a sell alert for the swing trade on SPX. Apparently it was a harbinger. Will it develop into something major? I don’t know yet. Perhaps this week the weekly candles will tell us more.
In the Weekly overview of candles of the major indices, I mentioned that the weekly candles were primarily bearish, and it would take its tall this week. Now I am almost certain.
Earlier today I issued a bear alert on a possible very unfavorable closure in $DJI. Well, it happened.
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