Its Over, page-20861

S&P 500: Doji Deja Vu - Bullish Pause or Bearish Signal?

SPX throws a curveball!

After seven prior instances where a doji candle followed a bullish one, we have an eighth with similar characteristics.

Here's the breakdown:
-The first instance proved to be a false signal.
-The second and third resulted in delayed pullbacks to the 20-day moving average.
-The last four instances saw a swift drop towards the 20-DMA.

The Plot Thickens The massive divergence remains in play, with the Stochastic indicator curling down and attempting a bearish crossover.
A Doji Decision Point While a visit to the 20-DMA is still a possibility, keep in mind that it closed today at $5,140, and it will be higher by Monday.

https://x.com/SmartReversals/status/1771271206307495971?s=20

The #risk #premium for the S&P 500 is now below the average investment grade #bond spread.

https://x.com/LanceRoberts/status/1771139279395103094?s=20