Nap Time

spx_weekly

Selling into Monday’s close shows a tired Bull.

When prices have a harder time holding higher ground the market usually corrects.

Tha’t what’s pretty much behind the candlestick theory of charting anyway.

But we’re not candlestick analysts. In fact, we love watching their signals get crossed.

But we are watching for further evidence to suggest sellers will take control.

A high volume sell-off would be just the sign.

But as always we’ll wait for the market to do the talking…

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