For the last three trading days investors have been indecisive. Investors are wrestling with the prospects of a Trump presidency, and prices have been volatile but end flat because of it. It is concerning, as enclosed in the circle, that we basically have a 2 spinning tops and a hangman at the peak of an uptrend. These candlesticks clearly underscore the indecisiveness of investors. For me, these are not strong signs of bullishness. Also, with the Dow hitting new highs daily, that has not propelled investors to enter the markets, and supports that sector rotation is underway, not new bullish sentiment.
We will most likely retest 2083. If that breaks, then we will go to 2044 (the 2016 opening price) and then 2000.
We will most likely retest 2083. If that breaks, then we will go to 2044 (the 2016 opening price) and then 2000.
