Highlights
- The painful knuckle sandwich delivered by the bears today resulted in a sandwich of a different type being traced out on the daily chart of the S&P: a candlestick sandwich.
- This is a typically reliable reversal pattern, particularly given oversold breadth, and the proximity of major support.
- Like all candlestick patterns, this is not bullish for the rest of 2025. Rather, it merely sets the stage for a potential counter trend rally back to the 6000-6050 area. . .
