SPX - Gap and Bearish Reversal Candle

$S&P 500(.SPX)$ - Gap and Bearish Reversal Candle:

The 20DMA was momentarily breached, but the rally faded. Still closing in the green, this setup usually brings bearish continuation, which is good, because based on the recent explosions in percentage of stocks rising, this would bring a buying opportunity.

This is the perfect candle ahead of any government's communication.

PS： The recent violent market action is characteristic of a bear market. Despite this, the rapid recovery from Monday's selloff was impressive, even considering today's bearish candle that hints at an imminent gap fill. Crucially, two events suggest that any subsequent dip or selloff would present a buying opportunity.

Image

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Comments

mmm33
04-24
mmm33
do you think the next support will be below previous swing lows ?

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Still closing in the green, this setup usually brings bearish continuation, which is good, because based on the recent explosions in percentage of stocks rising, this would bring a buying opportunity.</p><p>This is the perfect candle ahead of any government's communication.</p><p><strong><em>PS： The recent violent market action is characteristic of a bear market. Despite this, the rapid recovery from Monday's selloff was impressive, even considering today's bearish candle that hints at an imminent gap fill. Crucially, two events suggest that any subsequent dip or selloff would present a buying opportunity.</em></strong></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/4fae3ecc94e38d7585af7cc3f9a736d4\" tg-width=\"680\" tg-height=\"459\"><span>Image</span></p><h3 id=\"id_121837021\"> For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p><p></p><p></p><p></p><p></p><p></p></body></html>","htmlText":"<html><head></head><body><p> <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a>  - Gap and Bearish Reversal Candle: </p><p>The 20DMA was momentarily breached, but the rally faded. Still closing in the green, this setup usually brings bearish continuation, which is good, because based on the recent explosions in percentage of stocks rising, this would bring a buying opportunity.</p><p>This is the perfect candle ahead of any government's communication.</p><p><strong><em>PS： The recent violent market action is characteristic of a bear market. Despite this, the rapid recovery from Monday's selloff was impressive, even considering today's bearish candle that hints at an imminent gap fill. Crucially, two events suggest that any subsequent dip or selloff would present a buying opportunity.</em></strong></p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/4fae3ecc94e38d7585af7cc3f9a736d4\" tg-width=\"680\" tg-height=\"459\"><span>Image</span></p><h3 id=\"id_121837021\"> For whom haven't open CBA can know more from below:</h3><p>🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!</p><blockquote><p>Find out more here：</p><ul style=\"\"><li><p><strong>Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading.</strong></p></li><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://ttm.financial/TW/413454436958416\" title=\"💰CBA Mini Course 1: What is Cash Boost Account(CBA)?\" class=\"\">💰CBA Mini Course 1: What is Cash Boost Account(CBA)?</a></p></li></ul></blockquote><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/381b104429792cae7f67dc1120e2458d\" tg-width=\"1080\" tg-height=\"1080\"></p><p></p><p></p><p></p><p></p><p></p><p></p></body></html>","text":"$S&P 500(.SPX)$ - Gap and Bearish Reversal Candle: The 20DMA was momentarily breached, but the rally faded. Still closing in the green, this setup usually brings bearish continuation, which is good, because based on the recent explosions in percentage of stocks rising, this would bring a buying opportunity. This is the perfect candle ahead of any government's communication. PS： The recent violent market action is characteristic of a bear market. Despite this, the rapid recovery from Monday's selloff was impressive, even considering today's bearish candle that hints at an imminent gap fill. Crucially, two events suggest that any subsequent dip or selloff would present a buying opportunity. Image For whom haven't open CBA can know more from below: 🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly! Find out more here： Trade on a Cash Boost Account and enjoy up to 6 months of Commission-Free trading. 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 💰CBA Mini Course 1: What is Cash Boost Account(CBA)?","highlighted":1,"essential":1,"paper":2,"likeSize":49,"commentSize":1,"repostSize":4,"favoriteSize":0,"link":"https://ttm.financial/post/427848565686552","repostId":0,"isVote":1,"tweetType":1,"viewCount":473,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[".SPX"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":946,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":427918440738880,"commentId":"427918440738880","gmtCreate":1745492496359,"gmtModify":1745500971167,"authorId":4087554359690130,"author":{"id":4087554359690130,"idStr":"4087554359690130","authorId":4087554359690130,"name":"mmm33","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":427848565686552,"objectIdStr":"427848565686552","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"do you think the next support will be below previous swing lows ?","text":"do you think the next support will be below previous swing lows ?","html":"do you think the next support will be below previous swing lows ?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/427848565686552"}