A Key Reversal Day

spx_weekly

Bam! A day after heavy buying we get even heavier selling.

This is likely the beginning of the pullback we’ve been looking for.

Never mess with a key reversal day like we had Thursday.

When all the optimism of a higher open erodes in the remainder of the session it’s more often than not a carrying theme for following sessions.

We’ll be watching sell volume on down days. If it dries up the Bear will be viewed weak. If not, hail the Bull.

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