This is a short post. I just wanted to point out the islands that are EVERYWHERE after Friday. These are just some of the best ones:
A multitude of technical patterns are pointing down after today with the island reversals and I present one last chart, the weekly SPX candlestick:
This is quite the wick. What was attempting to be a very bullish engulfing candle (off of the 200 Week EMA no less!) was reduced in short order to a very small bodied nothing bounce. There’s more downside to come next few weeks. Have your targets picked out.
