QQQ/SPX – Pullback & Reversal Candlestick Signals
$Invesco QQQ(QQQ)$ : 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.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
