{"id":70971,"date":"2024-10-20T17:32:16","date_gmt":"2024-10-21T00:32:16","guid":{"rendered":"https:\/\/drduru.com\/onetwentytwo\/?p=70971"},"modified":"2024-10-20T17:32:17","modified_gmt":"2024-10-21T00:32:17","slug":"another-bear-teaser-with-bearish-engulfing-tops-the-market-breadth","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2024\/10\/20\/another-bear-teaser-with-bearish-engulfing-tops-the-market-breadth\/","title":{"rendered":"Another Bear Teaser With Bearish Engulfing Tops – The Market Breadth"},"content":{"rendered":"\n

Stock Market Commentary<\/strong><\/h2>\n\n\n\n

Bearish engulfing patterns flag potential tops at the end of uptrends. They represent the potential exhaustion of buying power as price first opens above the previous day’s high and then closes below the previous day’s close. Thus, the latest round of bearish engulfing patterns in major indices and major stocks should be particularly ominous this month, the third of the stock market’s three most dangerous months<\/a>. However, bearish engulfing patterns have materialized at many points this year only to get invalidated in short order. Earlier all-time highs defied a number of fundamental warning signs<\/a>. So I find myself once again tempering bearish inclinations given the potential for yet another bear teaser. Last week’s strong retail sales report for September<\/a> even delivered a fundamental resistance to bearish tidings.<\/p>\n\n\n\n