You sneer at 'Hindenburg Omens', you eat 'Death Crosses' for Breakfast.
Alright tough guy,
E-Mini S&P 500: Bulls beware the gravestone doji!
From Inside Futures:
The E-Mini S&P 500 made a large extension higher early on the US Unemployment Report this morning as 120,000 new jobs were created bringing the US Unemployment down to 8.6 %. The analyst's forecasts which were honed down as we drew to today were in range. The slightly better than moderate growth in the US has some optimism, but it is a cautious one as traders sold into the close alas the "gravestone doji" on the Daily Chart. ...MOREFrom Investopedia:
The manly men at FX Words scoff:
• Type: Reversal
• Reliability: Moderate to Weak