I'm sorry to say but this chart is as bearish as it gets.
Not only did it gap up, it tried to regain 4600, failed, snapped down, went under opening price, closed at the low of day, under support levels.
$SPX Daily TF
Not even one indication of strength, pure selling to retail.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-225
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Last
7,729.1 |
Change
-19.900(0.26%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,749.0 | 7,749.0 | 7,724.6 |
| XJO (ASX) Chart |