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midnitepoet
Feb 5, 2022 7:29 PM

Not a Healthy Candle Short

SPDR S&P 500 ETF TRUSTArca

Description

Friday saw a dead cat bounce of sorts. Probably caused by the magnificent jobs number indicating a roaring economy; but...
The Friday candles in all four indexes stink.
The inability to close higher makes the bear case much stronger and the worldwide Central Bankers came out with intentions to raise rates.
I would heed this, very very much.
Watch out below,,,
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