SPX Monthly | Bearish Engulfing
The January close for the SPX ended up red, this is the bearish engulfing candlestick pattern.
We have a negative count starting on the TD Sequential indicator after a perfect nine.
We have above-average red volume on last months candle.
Last, we have a broken up-trendline.
These are all bearish signals.
Conditions for change
A close above last months high is needed to turn this thing around.
Namaste.
We have a negative count starting on the TD Sequential indicator after a perfect nine.
We have above-average red volume on last months candle.
Last, we have a broken up-trendline.
These are all bearish signals.
Conditions for change
A close above last months high is needed to turn this thing around.
Namaste.
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