Although the Dow is trading higher, the graphics candlestick signals reveal that you’re starting to see shadows/wicks to the upside, meaning the bullish sentiment is weakening. This becomes more relevant when occurring in the overbought condition. Add the fact that the NASDAQ and the S&P 500 sold off hard today and closed below the T line There are approximately six candlestick graphic indicators that add to the analysis of when there is a change occurring in investor sentiment. A number of these indicators started showing bearish today. Although the banking sector continues to show strength, other sectors, like the semiconductors, are starting to show weakness after strong steady uptrends. The candlestick investor has a huge advantage of witnessing when changes of investor sentiment are occurring not only in the overall market but also in individual stock charts. Learn how to take advantage of these insights, knowing when to take profits even though there has not been a full-fledged individual candlestick reversal signal. Join us on Saturday, July 22 for the ultimate candlestick training, applying the information built into signals that indicate when a change is coming. You will gain valuable insights that will improve your trading for the rest of your life. Click here to register.
Chat session tonight at 8 PM ET. Click here to register.
Good Investing,
Stephen Bigalow
