04/13/2018 Market Recap
Posted: Fri Apr 13, 2018 4:21 pm
I said bulls must hurry because bears are rallying for a counter strike. Well, bulls tried (gap up) but unfortunately failed. Now bulls and bears tied at 2:2. The next watch point is whether bears have regained the ability to make 2 consecutive red.
By the way, statistically, whenever SPY made bearish engulfing at 10-day high (such as today), the next day has 69% chances to close up.
By the way, statistically, whenever SPY made bearish engulfing at 10-day high (such as today), the next day has 69% chances to close up.