The dow transports made a fresh all time high last night, but the inverted hammer candle looks bearish to me, with the day's high beaten back 72 points.
Inversely, the DJIA and SPX were bought up from the lows, nonetheless the hanging man candles there are bearish, coming around the high of the range rather than the bottom which is where bulls want to see them.
As always, candles need one or two days to confirm their prognostics.
Fire Works Wed 5th November, page-6
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