Despite market prices remaining at maximum stupid heights, we’ve seen some notable weakness, volatility and a rare ‘bearish engulfing’ this week.
All of these are advance indicators we would expect to see preceding a fall in prices.
So, what exactly is a ‘bearish engulfing’?
It’s a term used by technical analysts to describe a relatively infrequent event when a rise in price is immediately eclipsed by a larger drop in price, suggesting that sellers now outnumber buyers:


In addition to the above, the markets have struggled to move higher all week.