SPX - you are not alone (long) up here
Major indexes have continued tho slow motion break out moves, but we are seeing an increased amount of rather weak candles "up here".
No confidence candles after such a run up is usually a cautionary sign. Over past days we have seen hanging man, dojis and what looks today a shooting star candle in SPX. This is not the sort of px action you want to see at these levels.
Note RSI is rather overbought up here.
No confidence candles after such a run up is usually a cautionary sign. Over past days we have seen hanging man, dojis and what looks today a shooting star candle in SPX. This is not the sort of px action you want to see at these levels.
Note RSI is rather overbought up here.