The stock market bounced on Cyber Monday and traders will be watching the news cycle closely over the next 24 hours to see how online retail sales did this year compared to last.

Cyber Monday is expected to bring in record online sales of $7.8 billion which would be a +18% increase from last year.

Black Friday rocked it, coming in at $6.22 billion in online sales which was a 23.6% increase from a year ago.

The S&P 500 formed a bullish Gravestone Doji pattern on November 23, 2018 which was confirmed today, November 26, 2018.

S&P 500 with gravestone doji candle pattern

A Gravestone Doji is not a very strong reversal pattern. Worse, sell-side volume is still outpacing buy-side volume over the last 14 days.

For swing trading and excellent timing, we are looking for a bullish cross of the 13-hour MA crossing above the 30-hour MA in the 1-hour time frame on the S&P 500.

1 hour chart of SPX

Cyber Monday In the News