We’re Bearish

spx_weekly

Heavy selling Wednesday tilts the scale back clearly in the Bear’s favor.

We don’t give a whole lot of credence to candlestick charting. But another bearish candle with higher prices being unable to be sustained is more reason to doubt the Bull.

As usual, we don’t say much when nothing needs to be said.

We’re bearish. How’s that?

Leave a Reply

Your email address will not be published.