it needs to bounce exactly where it is right now. I dont think there is enough information from the candlesticks to determine what will happen in the next 2 days. But longterm charts are more reliable and so far the stock market is struggling to make higher highs. Look at semiconductors (SMH), consumer staples (XLP), healthcare (XLV).. Literally, many sectors dont look good. Technology sector looks a little oversold today and may bounce on monday but i would expect it sell off again next week. Pretty much, SPY will follow the tech sector i believe. Currently, I'm just short XLP. I'm saving a short on SPY when it breaks all time support.
UnknownUnicorn1020621
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@Wackinhut, I agree, i didn't buy any position today, was waiting for the confirmation that happened after 4 :(