S&P E-minis failed to hold onto Monday's high of 4740.50. The reversal lower highlights a bearish candle formation - a shooting star. The bearish nature of the candle pattern leaves 4625.25, the Nov 10 low, exposed. A break of this support would signal scope for a deeper pullback potentially towards the 50-day EMA at 4555.96. On the upside, clearance of 4740.50 would reinstate a bullish theme.

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Equities Bullet Markets Fixed Income News Foreign Exchange News

Taso Anastasiou

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Equities Bullet Markets Fixed Income News Foreign Exchange News

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E-MINI S&P (Z1): Bearish Shooting Star Candle Formation