SPX weekly buyers exhaustion candle?

The weekly SPX candle shows a wig which is longer than the body of the candle (last candle on chart). This means sellers are taking over as selling pressure (the wig) is larger than the buying pressure (body). Similar candles can be observed early November 2015, May 2015, and late March 2015.

spx weekly

Our regular weekly digest -click HERE to download- goes into more detail and much more. Please note this is a shortened version of the update premium members received this weekend.

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One thought on “SPX weekly buyers exhaustion candle?

  1. Pingback: SPX monthly buyers exhaustion candle? | INTELLIGENT INVESTING

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