Monday, May 20, 2013

Market comments

Today the SPX closed with a Doji candlestick whcih marks an indecision point.  Tomorrow could be important, if we get a sell off it would market a bearish evening star candlestick pattern.  Today's Doji candlestick could also be considered a Bearish Gravestone Doji.  I've attached a graphic of various bearish candlestick patterns and highlight the ones which match today's action - again tomorrow is important because if we get a big down candle it would confirm a bearish evening star pattern

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