If daily candlesticks mean diddly, weekly candles mean the square root of diddly. It wouldn’t take much downside force here to make the current weekly candle body engulf the previous week. That would not be positive, but this is most likely a case where the bark is much worse than the bite.
These signals also appeared yesterday. I haven’t worked out whether to add to longs here, as the couch potatoes and IWM are going in different directions. That’s probably just me though.
