SPX Monthly | Bearish Engulfing

٨ فبراير ٢٠٢٢

The January close for the SPX ended up red, this is the bearish engulfing candlestick pattern.

We have a negative count starting on the TD Sequential indicator after a perfect nine.

We have above-average red volume on last months candle.

Last, we have a broken up-trendline.

These are all bearish signals.

Conditions for change
A close above last months high is needed to turn this thing around.

Namaste.