#SPX = Candles Scream Down = 11.11.2021 $SPY #investing $SPX #trading #ES_F #DowJones $NDX

Today SPX, NDX and DJIA made more damage than expected. Just look at these candle formations.

SPX: 2-day candles confirmed a Dark Cloud Cover.
NDX: 3-day candle formed a bearish Engulfing.
DJIA: Daily candles made a Three Black Crows.

These are among the strongest bearish formations with the odds in high 80%.

The market is definitely up for something bigger and we should see more signs tomorrow.

Elliott Waves

I mentioned a few days ago that SPX/ES extended 2.618 off the September low and I viewed this level as a possible pullback zone. The prediction fully materialized.

Currently I am tracking 3 paths; the details and charts are Premium Content.

Premium Content

Read more of this content when you subscribe today.

Of course, as the bullish odds are never zero, there is a chance of a continued rally. If SPX moves high tomorrow with a reversal candle, the green wave 4 could be done and wave 5 could start. Though, the bullish odds are very slim as I type.

Good Luck!

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.


%d bloggers like this: