SPX S&P 500 Daily Chart Displaying Key Outside Reversals

The S&P 500 prints the second key outside reversal candlestick over the last month. The candlestick takes out the prior day's high but then reverses intraday and finishes below the prior day's low. This behavior typically warns that bad stuff is coming for the stock market. The first key reversal warned you. The XLK tech ETF also prints an outside reversal. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.