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A Few Charts With Reversals

This is a syndicated repost published with the permission of Slope of Hope. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Wednesday was quite a day! So many indexes had reached their highest levels in human history, but then – – – as the kids say – – things went sideways. I wanted to share with you a few charts illustrating the reversals, and as always, click on a chart to see a much larger version.

NASDAQ Composite – bearish engulfing pattern
Dow Industrials – bearish engulfing pattern and trend break
S&P 100 – bearish engulfing pattern
Russell 2000 small caps uptrend threatened

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