Commonly accepted risk barometers RUT and USD/JPY appear to be suggesting that risk on appetite is waning. Also, the daily gravestone the SPX printed at resistance looks ominous to me. My gut is telling me we break out and test ATHs over coming months but the charts are suggesting to me that we at least get a pullback from around these levels. The SPX and RUT both had a daily swing failure where they "looked above" and failed. I've noticed you do often see gravestone/shooting star candles even in bullish pushups at major resistance so I'm not betting everything on the look of 1 daily candle but they are often quite powerful.
That RUT trendline off that prior pennant/symm tri thing near the top could be telling. USD/JPY does have support around these levels so it's something to watch. Mueller report + March 29th Brexit dates could be market movers as well.
That RUT trendline off that prior pennant/symm tri thing near the top could be telling. USD/JPY does have support around these levels so it's something to watch. Mueller report + March 29th Brexit dates could be market movers as well.
Comment:
SPX
