Was today the reversal traders have been waiting on?

In this episode of Common Sense market analysis, we will take a look at today's market and the potential reversal that took place intraday.Many traders have been looking for a market reversal. Today was an important day because the market meaning the SPY came up short of the Gap up above. It came up short by less than $0.20.We'll take a look at a variety of different markets and a variety of different charts to determine what the next likely scenario is for the market. Will it be farther down, or will they recover quickly and continue up and make new highs.The analysis found in this video and all videos on this channel is appropriate for both beginning traders and traitors of experience. You can always teach  an old dog new tricks.We have two favorite Market leading indicators. One is the transportation average and the other is the IWM which represents the small-cap index.   You'll be interested to know exactly what those indices did today. Hosted on Acast. See acast.com/privacy for more information.