$SPX - Indecision With a Harami/Inside Candle

SmartReversals
10-19

$SPX - Indecision With a Harami/Inside Candle

It could anticipate a reversal. It's worth considering two aspects: Price is above the 5DMA with a bullish Stochastic crossover. Managing risk is key, but there is no confirmation for a bearish reversal.

Circles in candles show bullish or bearish developments, and circles in oscillator show mostly bullish continuation, not the red case. The weekly chart is key, 250💚likes to post it.

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In an ocean of bearishness, I posted a $SPDR S&P 500 ETF Trust(SPY)$ weekly chart during the weekend, that chart did not present a bearish setup.

Looks like the thesis was proven true, unless the market crashes in the next three hours?

Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur. ---------------- Will S&P 500 hit 6000 by year-end as institutions predict? Would you take profit and stay cautious ahead or hold till the year-end?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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