S&P500 Sets Up for Correction

by macromon This is not the chart pattern the bulls want to see at a major resistance level.  Today's high and low in the S&P exceeded yesterday's thus carving out a  bearish engulfing/or outside reversal day.  One point on a chart is just noise and does not make a trend so watch for follow through selling tomorrow for confirmation of a potential trend reversal. Ouch in silver and gold today!  Monster reversals.  Hurt us big time.