We currently have a spinning top last week with a close below the previous all time high resistance, which I discussed yesterday. Now we have a potential large down candle to follow up, although it is ONLY TUESDAY and we need to see confirmation on a weekly close on Sunday.
Nothing to see for now, but worth watching and waiting for this weekly candle.
Remember, significant corrections are completely normal in a bull market. I am NOT bearish long term, but also would not be surprised to see us range or slowly grind down for a bit.
Nothing to see for now, but worth watching and waiting for this weekly candle.
Remember, significant corrections are completely normal in a bull market. I am NOT bearish long term, but also would not be surprised to see us range or slowly grind down for a bit.
scott.melker@texaswestcapital.com