SPX - Doji Star Forms at $5215 Resistance Zone
Usually this type of candles generate a pullback, even for a short term, and fast oscillators are in overbought zone, Williams%R is due for a reset.
As mentioned previously, a period of consolidation seems more likely than a dramatic crash. For reference, the 125 DMA currently sits at $4921, which could provide support in the event of a pullback. No mention $5110.
One more time: People waiting for $4600 will stay there for a while.
There has been too much consensus about a correction, that's why it's important to be open minded for bullish moves, as it happened last week and it was published for Subs.
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