Market Outlook 04/15/2021
We finally had it. A red day after 13 successive close above open. And what better location to try to break the trend than the 1.6 fib extension of the 2020 drop. SPX Daily got a bearish engulfing candle at the major resistance level.
However, the drop was insignificant compared to the move higher and thus a change in trend is not confirmed yet but base…