After a very bearish Friday, the major indices formed mixed candle combos. The odds are also mixed. Let’s explore the details.
The candle likely signals bearish continuation. The odds are bearish. The trend is not broken yet, but the first step has been made.
The other indices are not so clear. While the combos are understood, the supporting indicators are not aligned. At least we know exactly what levels should be watched tomorrow if trend is to change.
If you would like to continue reading about RUT, DJI and SPX, and a projected path for SPX for the next several days, please subscribe for Premium Content.
Read more of this content when you subscribe today.
Follow the blog in Twitter @InvestingAngles or by email subscription.
As tweets are often buried among the other tweets on the topic and one is looking for regular updates, I recommend that you to sign to the email updates in the blog – every single post will be automatically sent to your inbox.