Stock Market and Crypto Update

Does an inside candle invalidate a bearish engulfing candle on the SPX?

The market began the week with gains, exhibiting apparent strength on a simple line chart. However, technical analysis suggests caution, given recently observed patterns. Specifically, the SP500 (SPX) candlestick chart reveals a pattern following today's bounce: Stochastic crossover as first signal, then a bearish engulfing candle followed by an inside …