What candles have to say about tomorrow for the major market players? Everyone closed today with a green candle. Are they really bullish? As a standalone – perhaps, but in context – not so much. Let’s have a look.
$AAPL $AMZN and $FB are like brothers: the second failed attempt to start a rally. Let’s see if they can close above that damn red candle tomorrow.
$GS, $GOOGL and $NVDA – a bit better, but not on this volume. Let’s see if they can climb above the 20 EMA. Something tells they will not. Watching.
$XOM – difficult to find a more bearish pattern than the bearish Island. Not much else to say.
$MSFT – probably in the best position, might actually confirm a rally if volume cooperates. Somebody needs to remain bullish after all.
I truly hope that candles are mistaken.
Speaking about Dow Jones Industrial Average? Well, a standing Alert below.