When we look to what happened with the major indices on Wall Street the last 5 days, than we see the uphill battle of bulls and bears. For this exercise we take the candlestick version of the S&P500. These candles have very long shadows and a very small body. Meaning that both – longs and shorts – try to win the day. But no party is winning in this game and everything remains very well balanced.
When will this change?
The answer, my friend, on that question is blowing in the wind.
Hat tip to Tim Knight
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