QQQ/SPX – Pullback & Reversal Candlestick Signals

SmartReversals
12-06

$Invesco QQQ(QQQ)$ : Consolidation (pullback) is likely ahead considering the indecisive candle and the crossover in the oscillator.

The end of the world? No, this signals a healthy, renewed entry point.

Shooting Star Candle in the $S&P 500(.SPX)$

This candlestick is the opposite version of the hammer and dragonfly formation as the arrows below highlight;

when those candlesticks show an intra day reversal, they are a significant signal to watch, sometimes they are immediate tops or bottoms, and sometimes they are early signals.

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