Small bearish engulfing patterns for markets
In candlestick terms, markets finished Friday with a series of bearish engulfing patterns against Thursday's 'real body' finishes. It did put a bit of a dampner on Thursday's bounce although the extent of the losses were relatively minor. Watch for a test of the gap early next week. Aggressive traders could 'buy' the test and set a stop on a loss of the swing low at 14,100, although a close below the gap would probably offer enough reason to sell before the stop.