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SPX Monthly | Bearish Engulfing
S&P 500 Index
Short
SPX Monthly | Bearish Engulfing
By AlanSantana
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Feb 8, 2022
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9
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Feb 8, 2022
The January close for the SPX ended up red, this is the bearish engulfing candlestick pattern.
We have a negative count starting on the TD Sequential indicator after a perfect nine.
We have above-average red volume on last months candle.
Last, we have a broken up-trendline.
These are all bearish signals.
Conditions for change
A close above last months high is needed to turn this thing around.
Namaste.
Beyond Technical Analysis
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SPX (S&P 500 Index)
S&P 500 (SPX500)
Trend Analysis
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