Market Commentary

Hello everyone. Today we will take a look at a history of bearish engulfing patterns. With one of potential significance occurring the week ending June 26th this year. We do not know what this is going to mean. It could be a major top - maybe not. But you could make a case now based on several factors that this could be a pretty important top. To give some examples, we will go back to one of the most important tops of the last 30-40 years on the SOX - perhaps the most important top ever. First here we show a March 2001 engulfing pattern that marked almost to the month the end of the 2000 bull market. Engulfing patterns are identified by the black crosses:

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