![]() ![]() ![]() Today’s charts are concerning because of the four “bearish engulfing” candlestick patterns that have appeared since the S&P 500 peaked in May, according to Nison. And candlestick charts, Nison would argue, are the best way to gauge that because they include more data than other charting methods.īears have engulfed bulls at key resistance “The tougher the market, the more the need for education.”Īs the Wall Street saying goes, it’s not the news that’s important to investors. “As a general rule, when the market goes up, people don’t feel like they need as much help,” Nison said. He says business picks up when uncertainty increases, and slows during extended bull markets. The best-selling product of Nison’s company,, is software that automatically scans for prominent candlestick patterns. ![]() Steven Nison sees the market by candlelight. ![]()
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