'Gravestone' day for the SPX *PIC*

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

The gravestone doji candlestick that appeared today on the SPX signals some potentially serious bearish implications for the broader markets, especially considering the interday test and failure at the 20day ema coming on the heels of yesterday's break below the 3 month uptrendline (not drawn, get out yer rulers, lol). A break and close below yesterday's session low (1430) would bolster the bearish case, with a move below the 50day ema (1425) clinching it...the next week or so will be critical.

Forum Policy

Return to Index