Today some major players closed with strong bearish candles/combos and it would be rather surprising to see a green day tomorrow. Let’s have a look at candlespeak.
Killed all bullish hopes by canceling the bullish hammer formed yesterday. Very bearish.
Still under pressure from the last big red candle. A decline has higher probability than a rally.
Failed to fully confirm a Dark Cloud Cover, but on track. Any red candle tomorrow would confirm further decline.
A Gravestone doji canceled bullish hopes. Expect a red day tomorrow.
Fair and square bearish Engulfing. High bearish odds for tomorrow.
A Spinning Top that requires confirmation. Volume today is a hint.
A decline is likely to continue. Bearish odds.
Visa broke a possible bullish trend. Still requires a confirmation, but the odds are bearish now.
As you can see, the outlook for tomorrow is not that healthy, and tomorrow is Friday. The weekly candles could be very disappointing.
Tune up for a Candlespeak on the major US indices shortly.