Three-Day Update on the Major Indices

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Each candle on the charts below on the Dow 30, Dow Utilities, Dow Transports, S&P 500, Nasdaq 100, and Russell 2000 Indices represents three days. The current candle closed today (Thursday).

Each index is in a tightly-bound upward-sloping range, except for the Transports and Russell, whose range is sloping down. The current candle is a either a “Dark Cloud Cover”, or a “Bearish Harami,” which can signal a future bearish trend…the candle on the Russell is, simply, bearish…ones to watch for possible further weakness.