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Hello Team BTC
I’m currently analyzing the S&P 500 Emini futures monthly chart weekend report (November) and came across the statement that the “problem with the bears case is that they have not yet been able to create bear bars with follow-through selling since October 2023. They must create bear bars with follow-through selling to show they are back in control”.
However, when I look at the chart, I do see bear bars and what appear to be follow-through bars. Since I am new to chart reading, I am struggling to understand what is being referred to here.
From what I have learnt so far, I believe bear bars with good follow-through selling typically mean :
A) A good sized bear bar closing near its low with little to no shadow or wick .
B) The consecutive bar also being a bear bar closing near its low, with minimal or no wicks or shadow.
Could someone clarify if this interpretation is correct? If not, what should I be looking for to identify meaningful Follow-through selling?
Any guidance would be greatly appreciated !
Thank you in advance !
