This is a bar chart of the SPX showing a shooting star pattern (close near lows of day). Many times when this happens, the market is short term exhausted. Still not picking a top, but keeping an open mind for a shallow pullback to retest rising 10sma. Stay long vs stops, dont pick tops.
Nasdaq in an 35 day UPTREND but now with gaps to fill both above and below. Keep an open mind for a retest of the 200sma. Stay long vs your stops, dont pick tops.
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