midnitepoet

Not a Healthy Candle

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
Friday saw a dead cat bounce of sorts. Probably caused by the magnificent jobs number indicating a roaring economy; but...
The Friday candles in all four indexes stink.
The inability to close higher makes the bear case much stronger and the worldwide Central Bankers came out with intentions to raise rates.
I would heed this, very very much.
Watch out below,,,

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