May 11, 2019

Bullish engulfing bar in S&P500

It was one big volatile day in US markets. The S&P 500 was down 1.5% and then recovered smart and closed 0.4% in positive.

The bounce has come from a very important support and has also filled the gap in April.

So correction over?

Here is the chart:

And here is the intraday action

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