Lestoque Report

The market found support around 5000, rising 3 out of 5 days last week. The buying which began late Friday of the previous week continued right into Monday morning. The last two weeks form a bullish harami pattern, with the current candlestick fitting inside the body of the previous candlestick.

Last week's rally have brought prices back to resistance at the neckline of the H&S pattern. Friday's session was a long-legged doji candle. If Monday is a big down candle, the market would form an Evening Doji Star pattern. Add that it is occuring at resistance. It is a setup to get short.

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