Today’s closure was not decisively bearish despite the QQQ trouble. It was not bullish either – more like a balancing on the fence.
There was one strong signal that could help us to decipher the candlespeak. Let’s have a look at the technical and EW aspects of today’s move.
The VIX Daily is recommended for reading before the analysis below:
This SP500 overview contains the charts and covers:
– TA and Japanese Candlesticks analysis;
– a mid term forecast for SP500.
The following section is available for the subscribers only. A $10 USD monthly subscription gets you access to the monthly and weekly analyses, mid and long term forecasts for cryptocurrencies, major US and some world indices, precious metals and miners, commodities, popular stocks and more. There is no free trial. For $10 USD you can evaluate the service for a month and discontinue the subscription at any time.
Read more of this content when you subscribe today.
If you already follow @InvestingAngles on Twitter and do not want to miss an important post, you can follow the blog on WordPress by email (free service). In this case, all posts will be sent to your inbox directly.