QQQ / NQ - Huge Bearish Engulfing Bar

By krugman25
A very large bearish engulfing bar has formed on the hourly charts after a failed attempt by bulls to push price higher early in the trading session. This has very bearish implications and near term bias remains bearish.
Bearish EngulfingCandlestick AnalysisEngulfing CandleNQPin BarpriceactionQQQS&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Support and ResistanceTrend Analysis
krugman25

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