SPX - How Is a Bearish Engulfing Candle Invalidated?
$S&P 500(.SPX)$ - How Is a Bearish Engulfing Candle Invalidated?
➡️Only with a close above the high of the bearish candle, which was not the case today. In previous cases highlighted in the chart the inside candle (like today) has been part of a decline.
➡️Different this time?
Key 4H resistance still needs to be broken for a bullish reversal.
I see today as a great buying opportunity for Feb 28 puts, the chart speaks by itself.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$
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