Bearish Eveningstar Reversal Formation on the NASDAQ Chart

By | September 29, 2016

A three-day bearish reversal pattern has formed on the NASDAQ Composite daily chart. Its composition suggests a transition in investor sentiment form bullishness to bearishness. Thursday’s session was volatile with a number of fundamental and technical forces coming into play. The weekly candle will have more to say about the intermediate term direction of the market, and I’ll have a complete multiple time frame analysis of the major market indices over the weekend.

nasdaqevening

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