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Strategies & Market Trends : Humble1 and Swing Trading Friends
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To: humble1 who wrote (38803)4/12/2023 6:25:05 PM
From: humble1   of 41018
 
Outside days down - a/k/a Bearish Engulfing Candles - on the two important charts at the back link. These appeared on a day when a very important inflation report came in better than expected and spiked the markets higher in a fakeout breakout in the early going.

On the SPX we see the RSI curling lower and the MACD looking like it is heading for a down crosser. The next couple of days will be especially important.

One of the scenarios I am watching is this rather complex one:

4/11/23->6/26/23=76
76xPi=238
238+76=314

8/16/22->6/24/23=314

6/26/23 is the big Spiral Calendar Nexus going back decades.
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