SP500 shows a bearish engulfing candle. That suggests more downside.
But – never fear – buy-the-dippers are waiting on the side-line...17 year cycle top .. i smell BEAR..dyor
Of more interest to me is the RSI14. It hasn’t dipped below its mid-line (50) since early November when this rally began.
When we see the RSI14 fall below 50 again, we might be able to call the end of this rally.
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