Per NFTRH 587 and yesterday’s post with respect to the Bearish Engulfing candle… “A word on daily chart candle formations… their efficacy is measured out in a day or two and are pertinent mainly to day traders.” Step 1, the post engulfing drop (day 1), came about in dramatic fashion. It should not go much past today (if a currently positive pre-market were to reverse … Continue reading Micromanaging the SPX Daily Chart