08/31/2023 Market Recap

Cobra

08/31/2023 Market Recap $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=5890

noname6688

In a strong uptrend, a bar like today's (bearish reversal bar) usually means continuation, generally the next day would gap up above today's bar high and then up and up.

The least likely the bar leads to a reversal which if indeed then beware of a possible lower high which means some chances the intermediate term top was in.

Guess the tomorrow's Non Farm Payroll data holds the key, which my impression is, the market is expecting a poor job data (so that it can go up and up. What a world! The worse the economy the higher the stock market, you human's logic, I don't understand)