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A Few Charts With Reversals

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

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.

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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

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. I may receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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