Shooting star on the S&P500 parabolic spike
As highlighted and cautioned in the pre market hours, the parabolic spike due to the vaccine news release pulled back hard to form a shooting star candlestick pattern.
This aligns itself with the falling TIPS bearish divergence, as also highlighted previously and linked.
Playing out the candlestick pattern means it breaks another wedge pattern, equating to a probable downside draft.
Beware of a fake out here!
This aligns itself with the falling TIPS bearish divergence, as also highlighted previously and linked.
Playing out the candlestick pattern means it breaks another wedge pattern, equating to a probable downside draft.
Beware of a fake out here!
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