Some big names closed the week with strong bearish candle formations. If they are not reversed in the next 1-2 weeks, this could be the beginning of a significant and, possibly, a lengthy decline.
$MSFT made an Inside Down, an equivalent of bearish Engulfing.
$FB and $AMZN failed to confirm a bullish reversal and are likely to move down now.
$XOM $GOOGL and $SHOP made Falling 3 Methods.
$AAPL formed a Dark Cloud Cover.
$NVDA fully canceled the Morning Star which almost guarantees the following move down.
The sample is not extremely bearish and some formations still require confirmations, if these stocks don’t show the signs of recovery in the next two weeks, they have a chance of forming quite bearish monthly candle combinations that would have a long term bearish impact.