Candlestick Trading Forum
keyword search

Candlestick Trading Forum

June 21st Market Wrap-Up

The NASDAQ formed a very powerful bearish reversal signal today. This is relevant because although the Dow and S&P 500 have been trading lower, up until the day the NASDAQ was trading higher, above the T line. This was an indication that the markets were not selling off, merely shifting funds from sector to sector. Although the NASDAQ did not close below the T line today, the candlestick bearish left/right combo signal is strong enough to indicate the NASDAQ is now ready for a bearish trend. This would confirm that the overall market is now heading lower. This alerts the candlestick investor to close out any long positions that were starting to show weakness/bearish signals.

However, the strength of candlestick signals and patterns can still provide strong bullish profits even when the overall market is in a downtrend. Our recommendation for CWH today was based upon witnessing the best friend signal off the 50 day moving average. Our recommendation for CRON N was based upon the expectation of positive trading after a gap up Doji. These recommendations were based upon high probability results illustrated by the Japanese Rice traders with over 400 years of observations.


Chat session tonight at 8 PM ET. Click here to register.

Good Investing,

The Candlestick Forum Team

Website Special


Website special reflects current newsletter. If you are reading an archived newsletter you will be directed to Current Website Special

































































































































Candlestick Trading Forum