โข The SPX did a top sign, as it lost our 21 ema (1h) yesterday, and it did a quite powerful bearish candlestick pattern in the daily chart: A Below the Stomach pattern; โข This reinforces our thesis that the index wants to correct, and the 21 ema in the daily chart becomes a technical target in this scenario; โข The problem is that yesterday the index failed in breaking the 4,015 (red line), and if it does a clear reaction around this area then our thesis might get frustrated; โข It seems the index is trying to react this morning, but it has yet to reject this Below the Stomach pattern seen in the daily chart; โข Iโll keep you updated on this, as usual.
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