US Market Indices Review: Dow Jones Industrial, S&P500, NASDAQ – THE RETURN OF THE BEAR?

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All 3 US Key Indices Dow Jones Industrial, S&P500 and NASDAQ Composite faced sell off in the last 30 mins of trading hour. This is not really unexpected because I am predicting the stock market will turn to bear again after the recent 3 days strong rally because they are hitting the resistance. Fasten your seat beat in the coming week because I am anticipating another Bear Flag, ie. another big sell off!

 

 

 

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Yanlord – Bearish Harami

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Yanlord showed a Bearish Harami candlesticks pattern and expected a pull back in the next trading days. There is a very strong support (from previous falling wedge) turned resistance trend line at about $1.90 to $1.95. Next Immediate support at about $1.65 (20D and 50D MA).

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