You are here
Home > The Trend is our Friend > Dashboard USA – JP Morgan Bearish Engulfing

Dashboard USA – JP Morgan Bearish Engulfing

Apple tested the green line but failed to close above, now the bears need to see a follow up to the downside to trigger a new sell < 136.

Amazon formed a Lower High, while most other stocks formed Higher Highs…early warning!

Tesla still on a Sell < 267.

The S&P500, DJI, and Nasdaq all formed a GAP up, followed by a bearish day…no official sell signal yet, but we’re getting close. A close < 2360 for the S&P500 and it’s a new SELL signal.

JP Morgan formed a Bearish Engulfing (Higher Open, Close below the previous open). They say, so as JPM goes, so goes the market….

Conclusion: we’re getting close to new sell signals…not there yet, pattern is still bullish as it forms Higher Highs and Higher Lows…but bulls should be careful as it looks as if bears are ready to take over!


Check out the latest update of the Dashboards here.


Check out the latest update of the S&P500 vs VIX here


Check out the latest update of the Cycle Time Windows (Turn Dates)


Subscribe and stay informed!

Name
Email *


 


DASHBOARD Stocks, Commodities and Interest Rates – Which are on a BUY or SELL signal?

 


Follow me on SOCIAL MEDIA


Follow me on social media to stay informed!

Facebook: https://www.facebook.com/TimeandPatternTrader/

Twitter: https://twitter.com/Tripstrading

LinkedIn: https://nl.linkedin.com/in/edwin-van-den-berg-33665565


Sign up here to Copy my Trades!


Workshops – Living in The Netherlands and do you want to attend a workshop?


I’m organizing several workshops on how to get started with trading the markets, how to protect yourself against rising interest rates and to learn from the mistakes I’ve made over the years. This workshop is in Dutch, and in Enschede, so if you want to attend one of these events, then please take a look here and sign up! If you already have a group that wants to hear my story, then I’m also willing to travel and bring a visit to your location (simply send an email to TripsTrading@gmail.com).


+500

 


 

Leave a Reply

Top