The S&P 500 has had a dream run , which probably remains a dream for most participant. The monthly charts have formed an Outside day pattern which is a reversal signal.
Outside days are days where the current candle is both higher and lower than that of the previous candle. Outside days mark greater volatility in price for that day.In the case of S&P500the current candle engulfs previous three months range indicating the possibility of reversing is higher.
Watch out if the low of the candle at 1738 breaks !
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