$NDX - Black candle like $SPX
$S&P 500(.SPX)$ - The 5DMA and volume shelf in formation continue supporting price.
As long as that line is not lost, a reversal cannot be considered.
The candle shows selling pressure after the open, and Stochastic is overbought; but again, 5DMA is the level to watch.
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$NASDAQ 100(NDX)$ - Black candle like SPX:
A black filled candlestick forms when the close is below the open but above the prior close. It appears after a significant gap, indicating movement against that gap.
Bullish? No, bearish? Not necessarily, but more likely.
The same 5DMA and even a stronger volume shelf has to be watched.
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https://x.com/SmartReversals/status/1839447399221055539
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