That’s an ugly candle.
If we finish the day here, this is going to be one of the most-disappointing days since Liberation Day. There wasn’t a bearish catalyst today: Nvidia earnings were good and Walmart was relatively upbeat on the consumer (WMT still +6%). The jobs report wasn’t too hot or too cold either.
That’s looking awfully lot like a head and shoulders pattern with a target near 6200 (-5.4%).
This article was written by Adam Button at investinglive.com.
