Daily Reflection: 05.11

12 May

The put call ratio remains above 1.0 (a bullish sign), but let’s not forget about last week’s market action just yet. Both the Euro and S&P were quite choppy today and the SPY, DIA, QQQQ, and IWM all closed in a bearish inverted hammer candle formation. We will want to see a break over today’s highs.

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