S&P 500 Indecision Marked With 3 Dojis

Note the three doji candles the past three days.  If you're not familiar with candlesticks, a doji essentially shows investor indecision.  The question becomes whether these three indecison days in retrospected ended up being consolidation days or whether they will have meant that investors were getting nervous about the potential government shut-down and earnings season ahead.

My two cents?  Given that the financials managed to outperform today and yesterday's jigginess in the semiconductors, the tape might head higher after these consolidation days.

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.