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.
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.