SPX 4HR - Outside the BB - Gravestone Doji - R.I.P. @o.618
Gravestone (doji) starts outside the Bollinger Band followed by Red Engulfment Bar.
90% of trading is inside the Bollinger so probable she returns to the Moving Average
Trade Volume declined on the rising of price -- NO surge in volume to support the breakaway Island Top
Both Oscillators show a Bearish Divergence
IMPORTANT FIB RESISTANCE LEVELS
Note -- Dow Chart - Nasdaq - Russell 2000 - ALL show the same RED DOJI's on the 4-hour or day
90% of trading is inside the Bollinger so probable she returns to the Moving Average
Trade Volume declined on the rising of price -- NO surge in volume to support the breakaway Island Top
Both Oscillators show a Bearish Divergence
IMPORTANT FIB RESISTANCE LEVELS
Note -- Dow Chart - Nasdaq - Russell 2000 - ALL show the same RED DOJI's on the 4-hour or day
Trade active:
Shorted SPY and QQQ - Tight Stop
Trade active:
The last 4-hour bar had NO wick - Solid grind up from the base to top. This is still bullish??