The small caps index is considered a US market ‘bellwether’ and does have a bit of a potential bearish H&S brewing but any new close and hold back above $1,220 would void this. The weekly candle closed as a bearish colored Doji and ‘Inside’ candle with both patterns reflecting indecision.
Comment:
This small caps index is considered a US market ‘bellwether’ and does have a bit of a potential bearish H&S brewing but any new close and hold back above $1,220 would void this. The weekly candle closed as a bearish coloured Doji reflecting indecision but the monthly candle was bullish and, basically, engulfing.