SPX - Still a short candidate

١٥ نوفمبر ٢٠١٦

Although we had a huge UP day today, volume wasn't as robust. Although the trend is still higher, I wouldn't doubt that the institutions are cashing out. Given the last 3 days of bars (spinning top, hangman, spinning top), which usually show a trend reversal, today may have been the retail investors jumping in so they won't miss out.