The large caps closed today with very bullish candles and formations. Let’s have a quick overview of the sample of eight, starting with the most bullish.
$GOOGL and $MSFT
made bullish Engulfing. A strong green candles tomorrow would confirm the intent.
completed a Piercing Line formation. A closure above the Friday’s high would confirm the rally.
$AMZN and $FB
made some nice bullish Hammers. The FB’s Hammer can also be viewed as a Harami which reinforces the bullish odds. A strong green candles tomorrow, preferably with a gap, would confirm the reversals.
completed a Meeting Lines. A rally tomorrow would confirm the bullish reversal.
looks less bullish compared to the stocks above. Nevertheless, a Thrusting Line has all chances to start a strong rally.
looks like a Cinderella in this company. While the candle is bearish Engulfing, lack of support from indicators could make this candle fake. A confirmation is required for both paths.
To summarize: the sample is bullish. Strong green candles tomorrow will make it overwhelmingly bullish.
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