Good evening, traders.
Well the S&P 500 has gifted us with a nice, fat bearish engulfing candle that encompasses the last 3 days of trading. It did this after breaking down from a rising wedge that was nosing its way deep inside the gap we opened from September.
It opened just a few cents under the October 17th high, returning to the scene of the crime, if you will, and having the same crime committed to it again.
Even more notably,
So, we’ll see if the bears can keep us going in this direction or not. I hope everyone has a fine evening.