For the short term, we can expect some bearishness in the major US indices especially DJIA
and SPX500.
Firstly, it has broken down from the bullish trend line.
Next, the candles show us a hanging man pattern which is bearish in nature. Thus, we can expect it to slide towards 25,000 as the first support level. Thereafter, we shall see if it rebounds or falls further.
and SPX500.
Firstly, it has broken down from the bullish trend line.
Next, the candles show us a hanging man pattern which is bearish in nature. Thus, we can expect it to slide towards 25,000 as the first support level. Thereafter, we shall see if it rebounds or falls further.
